Trump administration giving unclear graduate student loan guidance: Financial aid group
Summary
The Department of Education has given mixed messages about whether loans for graduate school will count toward a new borrowing limit starting this summer. The National Association of Student Financial Aid Administrators (NASFAA) says the guidance from the department changed quickly, causing confusion.Key Facts
- The Department of Education is setting a new borrowing limit for student loans that starts this summer.
- It is unclear if graduate student loans are included in this new limit.
- NASFAA reported that the Department of Education changed its guidance on this issue on Monday.
- The sudden reversal by the department has caused confusion among financial aid administrators.
- NASFAA is a group that supports student financial aid offices and helps manage information about loans.
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