The One Big Beautiful Bill Act, passed in July, implemented loan limits on advanced degrees. With it came a new division of professional degrees and graduate degrees. However, it was not until November that the Department of Education proposed which programs qualified as professional, a distinction that excluded nursing, social welfare, education, architecture and more that were previously anticipated to be included.
This difference is not only in name: students pursuing professional degrees can get significantly more federal loans, both in total and yearly. While graduate degrees have federal loans capped at $20,500 per year and $100,000 total, programs designated as professional, such as law, medicine or dentistry, are capped at $50,000 per year and $200,000 total.
Read more through the link in bio.
âď¸: Miles Kofman
đ¸: Hayes Gaboury
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