The U.S. Department of Education is considering changing the definition of who is considered a “professional” student. Experts say that could have dramatic consequences for the health care industry.
When Congress passed the One Big Beautiful Bill Act last summer, included in the bill was a slate of new provisions aimed at updating the federal student aid system. The most contentious of these changes was putting new limits on how much graduate students can borrow in federal loans to fund their education.
Students pursuing master’s degrees will have a borrowing limit of $20,500 a year and $100,000 over a lifetime. Those working toward a professional degree—now limited to 11 specific degree paths—will have a higher annual limit of $50,000 and $200,000 in total in federal loans. The bill also eliminated the Grad Plus program, which allowed graduate students to borrow up to their full cost of attendance.
Read more at The Columbus Dispatch.
