Trump Admin Proposes New Student Loan Limits

New Student Loan Limits: Trump Administration Introduces Changes for Graduate and Professional StudentsThe Trump administration plans to introduce new limits on federal student loans, effective July 1, 2026. Graduate and professional students will face new caps, with graduate students limited to $20,500 per year and $100,000 total, and professional students allowed up to $50,000 annually and $200,000 overall. Graduate PLUS loans, previously uncapped, will be eliminated. Eleven specific degree fields, such as pharmacy and law, will qualify for higher loan limits, with at least 44 others potentially eligible. However, these changes have sparked criticism from professional organizations, including the American Association of Colleges of Nursing and the National Association of Social Workers Florida chapter, who argue that certain fields are excluded and could face reduced access to affordable education. The Department of Education aims to prevent excessive debt and encourage tuition cost management. The regulation is not yet final and will be published in the federal register for public feedback.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.