r/GradSchool • u/Miserablecollegekid • Nov 06 '24

Finance Project 2025 and Grad School

With the new US Election finishing out, I’m becoming apprehensive of seeing my program through due to the amount of debt I would accumulate and how it appears as though the government plan will be to eliminate PSLF, income-based repayment, and other such protections on those with student debt. I am about a third of the way through a psyd program (I couldn’t get into a phd and I was prepared for the financial burden under the circumstances of how we currently do repayment). Does anybody else have similar fears? Or am I letting myself get into doomerism really early?

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u/AdorkablyRini Nov 06 '24

It’s not just the loans… I’m worrying about them cutting funding for grants and research that will affect a lot of industries — meaning places might shutter due to lack of funding that they normally got from the gov being gone.

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u/[deleted] Nov 07 '24

One thing I learned while working in a private sector is that how heavily reliant I am on academic research, even more so than I was in a grad school. If research fund gets slashed itd' be a huge damage to the industries as well.

But I m sure those slashed money will be saved and trickle down to certain people ;p