This week’s debt ceiling deal may have pulled the U.S. back from default, but 1.2 million graduate students just got slapped with another bill. About one third of all graduate students have a partial federal subsidy on their loan, so they don’t get charged interest while they’re studying. That willll be abolished from July next year, as part of an agreement to reduce deficits by at least $2.1 trillion over a decade. But it could mean thousands of dollars more in loan costs for about a third of the country’s 3.6 million graduate students.

With the unemployment rate for people in their twenties hovering around 15 percent, it’s tempting for recent college grads to just skip the terrible job market and stay in school. And many of them are doing just that. Last year, there was a 6 percent increase in graduate school enrollment, and this year, 27 percent of college grads will go to grad school instead of entering the job market. But Takeaway work contributor Beth Kobliner says it might not be the best choice for everyone.