New federal rules affect loan payments for graduate students

http://www.dailycal.org/2012/07/04/new-federal-rules-affect-loans-graduate-students/

In light of attempts by the federal government to keep interest rates down, graduate students must now grapple with rule changes affecting their graduate school loans.

The federal government will no longer be covering interest on graduate student loans, and will also remove the six month interest grace period included with these student loans. This government action retains changes made last summer, but took effect June 1 this year.

Angélica Salceda, external affairs vice president for the UC Berkeley Graduate Student Assembly, said that graduate students are no longer eligible to receive subsidized federal loans.