Education Department broadens professional-degree list for $50,000-a-year federal loan cap starting July 1
More graduate students will face higher federal student loan caps than previously anticipated following a court ruling last week. Beginning July 1 under President Donald Trump’s “one big beautiful bill act,” new graduate students would be capped at $20,500 a year, while “professional” students can borrow up to $50,000. On Monday, the Education Department released an updated list of over 20 professional degrees eligible for the higher limit during the court’s stay. The list includes registered nursing, physician associates and speech-language pathology.