In line with President Donald Trump’s One Big Beautiful Bill, the Department of Education placed new limits on how much money students can borrow in federal student loans to cover the costs of graduate programs. Those limits fall into two categories: higher limits for degrees the Department of Education deems “professional” and lower borrowing limits for all other graduate degrees.
For those considering pursuing a graduate program, this news may be worrisome. More than half of those with a graduate degree say they took out student loans to finance their educations, and the vast majority of student loans are through the federal government. So, what exactly are the student loan borrowing rules, and which careers do they affect?
