News Summary

• The U.S. Department of Education is ending the Grad PLUS loan program, which allows prospective graduate students to borrow up to the full cost of attendance.
• Instead, the agency will be instituting borrowing caps, making the maximum figures dependent on whether a student is pursuing a “professional degree.” Currently, the list of the graduate programs designated as professional spans a variety of fields, from medicine, dentistry, and law to more surprising inclusions like theology.
• One notable exemption is that of nursing.