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Court Pauses Graduate Loan Caps | Business and Finance News
Description
A federal court just paused new student loan caps for grad students, potentially unlocking $50K annual borrowing limits for more programs—including nursing and speech pathology—after ruling the Education Department overstepped by narrowing “professional degree” definitions too narrowly. The move could disproportionately help women, who dominate many excluded fields, and the Department has now released a revised list of over 20 eligible degrees. Students should still verify with their school’s financial aid office—this isn’t final, but it’s a major shift from the original plan.
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