For nearly two decades, the Federal Graduate PLUS Loan has been a financial lifeline for graduate and professional students — allowing them to borrow up to their full cost of attendance to cover whatever federal Direct Loans didn't. That lifeline is about to be cut.
On July 4, 2025, President Trump signed HR 1 — the "One Big Beautiful Bill" — into law, introducing sweeping changes to how students and families pay for higher education, including the phase-out of the Grad PLUS Loan Program.
