SoFi Blog

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How the October Sequester Will Impact Grad PLUS Student Loans (and Why You Should Care)

The term “sequester” may seem so 2013, but the truth is that these automatic spending cuts are still in play – and the next round is scheduled for October 1st.  Whether you’re currently financing an MBA or other grad school program with Direct PLUS loans or you’re considering using them in the future, these new sequester cuts may have an impact on the amount of money you’ll end up spending on your loans.

So what exactly do you need to know about student loans and the sequester?  Here’s the scoop:

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