"Breaking the Cycle of Debt: Education Department Takes Aim at Graduate Student Loans. In a move that could significantly impact the financial futures of thousands of graduate students, the Department of Education has announced plans to cap federal student loans for advanced degree programs. The decision, aimed at reducing long-term debt and lowering college costs, marks a significant shift in the way the federal government approaches student financing. With graduate students often graduating with tens of thousands of dollars in debt, the move could provide much-needed relief to those pursuing higher education in fields such as law, medicine, and business."
The Department of Education announced Thursday that it will cap federal student loans for graduate programs, a change officials say is aimed at lowering college costs and reducing long-term debt ...
