I'll be done with my PhD in two years. And when I am, I'll have taken out a loan the size of which is normally reserved for a mortgage. This probably won't affect me too much, but for anybody else who wants to get a masters or doctorate, this would tack on another several thousand per year that they would have to pay off. I understand that the August 2nd "deadline" is kind of bullshit, so I hope that Reid's bill gets killed in the House and then Obama, having painted himself into a corner, will just invoke the 14th amendment, raise the debt ceiling, go away, and then the left will have been bought a little more time to try to fend off the next crisis that's been mocked-up to screw over seniors, working-class, and students.
James