"New Clarity on Graduate Student Loans: Department of Education Weighs in on Professional Degree Definition A proposed rulemaking from the Department of Education aims to shed light on the definition of professional degrees for the purposes of graduate student loan limits. The clarification, contained within a notice of proposed rulemaking (NPRM), has significant implications for students pursuing advanced degrees in fields such as accounting, law, and medicine. The proposed definition seeks to determine which graduate programs qualify as professional degrees, thereby affecting the amount of federal loans students can borrow. As the Department of Education continues to refine its guidelines, students and institutions alike are watching closely to see how this change may impact their financial aid packages and future career prospects."
A notice of proposed rulemaking (NPRM) clarified the Department of Education’s proposed definition of professional degrees for the purposes of graduate student loan limits. Accounting is among a long ...