Federal Loan Caps Tighten the Belt on Graduate School Costs. In a move that could significantly impact the financial futures of thousands of students, the U.S. Department of Education has announced that new caps on federal loans for graduate school programs will take effect on July 1. As part of a broader effort to reform the nation's student loan system, the department has set a maximum annual borrowing limit for graduate students, aiming to curb the growing burden of student debt. The decision, which is tied to the Trump administration's efforts to reduce federal spending, is expected to have far-reaching implications for students pursuing advanced degrees in fields such as law, medicine, and business. Those who rely on federal loans to fund their graduate education may need to reassess their financial plans and explore alternative sources of funding to cover the remaining costs.
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 Trump ...
