"Federal Loan Caps Set to Clamp Down on Graduate School Debt. In a bid to curb skyrocketing student loan debt, the U.S. Department of Education has unveiled new limits on federal loans for graduate school programs, effective July 1. The move aims to provide relief to students who have been shouldering increasingly heavy burdens of debt, with many graduates facing six-figure loan balances. The caps, which are part of a broader effort to reform the nation's student loan system, are expected to impact thousands of students pursuing advanced degrees, including those in fields such as law, medicine, and business."
The U.S. Department of Education announced Thursday that new caps on federal loans for graduate school programs will go into effect July 1. The department said this decision is part of the ...
