Federal Government Implements New Caps on Graduate Student Loans

New federal regulations, effective July 1, have introduced strict limits on graduate student borrowing. Most programs now face an annual cap of $20,500 and a lifetime limit of $100,000, while professional degrees are capped at $50,000 annually and $200,000 lifetime. These changes are prompting students to reconsider advanced education and raising concerns among colleges about potential impacts on program accessibility and enrollment.