InsideHigherEd: "As talks continue and the deadline approaches on increasing the federal debt limit, the federal government's subsidy for undergraduate student loans is now on the table.
The negotiations between the White House and Congressional Republicans, aimed at reaching an agreement before the U.S. hits its borrowing limit on Aug. 2 and risks default, have looked at entitlements and other federal programs as possible sources of savings. During talks Monday, Rep. Eric Cantor, the Republican majority leader, reportedly proposed making students responsible for paying the interest their loans accrue while they’re enrolled in college, a change that would save the government $40 billion over 10 years."
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