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I just read a fluff piece in Business Insider by the guy who runs SoFi, and he seems to think that Grad PLUS loans might be eliminated in the next administration. This was the first I'd heard of that idea. Near as I can tell, the idea and reasoning stems from this policy paper:
http://budgetbook.heritage.org/educ...-social-services/eliminate-plus-loan-program/
On the face of it, the argument seems reasonable, namely that PLUS loans just encourage plus-sized tuition, and the whole program should be cancelled.
Without PLUS, healthcare graduate degrees would be limited to $224,000 to cover the full COA. As an aside, I don't think that even covers full retail tuition at my school.
Has anybody else heard this rumor? Anybody else think this is a good idea?
http://budgetbook.heritage.org/educ...-social-services/eliminate-plus-loan-program/
On the face of it, the argument seems reasonable, namely that PLUS loans just encourage plus-sized tuition, and the whole program should be cancelled.
Without PLUS, healthcare graduate degrees would be limited to $224,000 to cover the full COA. As an aside, I don't think that even covers full retail tuition at my school.
Has anybody else heard this rumor? Anybody else think this is a good idea?