If grad or professional or professional school are in the mix, please keep an eye on this proposal which could significantly impact loans for post bachelors work…if loans will be needed. This might not happen…or it might happen.
https://www.congress.gov/bill/119th-congress/senate-bill/308
The Graduate Opportunity and Affordable Loans Act (currently in committee, but likely to move to the floor for a vote) will place strict limits of the amount of Direct Student loans and Grad Plus loans that graduate and professional school students may borrow.
As of June 30, 2025, the Grad Plus loan program will cease to exist.
The bill also places new lower caps on the amount of Direct Student Loans a student may borrow.
Graduate students may borrow an aggregate total of $65,000. That amount includes both undergrad and graduate loans combined.
Professional school students will have an aggregate lifetime limit of $135,000, an amount that includes both undergrad and professional school borrowing.
The bill also calls for all IHEs (Institutes of Higher Education) to set lower borrowing caps for their students.
Given that the median price (tuition, fees, insurance , learning materials/books–doesnot include housing/meals/t…
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