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ED Changes Grad PLUS Rule: Credit Hours Now Decide Who Keeps Uncapped Student Loans
The Education Department has quietly changed how it decides whether continuing graduate students can still borrow uncapped Grad PLUS loans, and the change is already generating denials for students who have been enrolled.
During an August 12 Federal Student Aid webinar on the implementation of new loan limits and the interim exception for continuing students, FSA staff told schools to calculate “expected time to credential” using credit hours completed rather than time enrolled. That formula determines how much longer a grandfathered borrower keeps access to Grad PLUS after the program…
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