Federal Loan Caps to Hit Graduate Students Hard: New Limits on the Horizon The U.S. Department of Education is set to impose significant changes on graduate students seeking federal loans, with new caps on borrowing limits taking effect on July 1. The move is part of a broader effort to curb rising student debt and ensure that students are not overburdened with excessive financial obligations. According to the department, the new limits will affect graduate students pursuing master's and doctoral degrees, many of whom rely on federal loans to cover the high costs of higher education. As students prepare for the upcoming academic year, they can expect to see their borrowing options shrink, raising concerns about the impact on their financial stability and academic pursuits.
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 ...
