"The Department of Education confirmed Monday that its second week of rule making over student loans is a go starting Nov. 3, regardless of whether there is a resolution in sight for the government shutdown. Once again, the main issue on the table for the advisory committee will be which types of postbaccalaureate programs should qualify for which of the two recently instituted graduate loan caps."
"Under Congress's One Big Beautiful Bill Act, students in professional programs can borrow up to $200,000 to pay for their degrees, though they'll be limited to $50,000 a year. Loans for other graduate programs are capped at $100,000 over all and $20,500 a year. Regulating what types of programs fall in each category is just one of the many tasks outlined for ED in the sweeping budget bill, but experts said the loan caps are likely to be one of the most consequential changes."
The Department of Education will begin a second week of rulemaking on student loans on Nov. 3 regardless of a government shutdown resolution. The advisory committee will decide which postbaccalaureate programs qualify for two new graduate loan caps under Congress's One Big Beautiful Bill Act. Professional programs qualify for up to $200,000 total and $50,000 per year; other graduate programs are capped at $100,000 total and $20,500 per year. Loan caps could force hundreds of thousands of borrowers into the private loan market and reduce enrollment in high-cost, high-demand programs where institutions have limited ability to cut costs.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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