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New Loan Caps Shake Graduate Education | Salt Lake City News
New federal caps on graduate student loans are now live, slashing borrowing limits to force colleges to rethink tuition hikes. Graduate students can now borrow $20,500 yearly with a $100,000 lifetime cap, while “professional” students get up to $50,000 annually capped at $200,000 — a move designed to curb runaway costs and redirect institutional spending. Already, schools like UC Irvine and Neumann have responded by cutting tuition. But critics warn lower-income students may be left behind, forced into riskier private loans, and that confusing classifications — like lumping nursing under the…
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