Written by Bonnie Delaney | Staff Writer
Holmdel, NJ- 05/18/11- The 78th annual commencement of Monmouth University takes place at PNC Bank Arts Center on Wednesday, May 18, 2011. Graduates enter the center for the ceremony._DOUG HOOD/STAFF PHOTOGRAPHER / DOUG HOOD/ASBURY PARK PRESS
The recent debt crisis is likely to make it even more difficult for college students to pay for their education, according to officials at several New Jersey universities.
For instance, as of next July the government is eliminating subsidies to graduate and professional students as one way of cutting spending. That savings will be used to help preserve the Pell grant program, which provides help for low-income students.
Even so, those subsidized federal loans keep the cost of borrowing in check, because the government doesn’t charge interest while students are in school. That can have a big impact on how much is owed upon graduation.
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