DOE's New Grad Degree List Impacts Loan Limits, Sparks Debate
Update: 2025-12-14
Description
The Department of Educations updated list of professional graduate degrees impacts student loan limits, with only eleven fields like medicine, law, and pharmacy qualifying for higher limits. This change has sparked debate and concerns about access to higher education funding, particularly for excluded fields like nursing and accounting. Some argue that lower loan limits could help control ballooning student debt, while others worry about workforce shortages. The approach is rooted in the Bennet hypothesis from the nineteen eighties, aiming to encourage more responsible spending and make higher education more affordable.
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