Donald Trump's Major Student Loan Change Would Be Reversed Under Bill
Summary
A new bill introduced by Representative Shomari Figures aims to reverse President Donald Trump’s recent limits on student loans for graduate and professional students. The bill would bring back the Grad PLUS loan program and remove the caps on how much these students can borrow from the federal government.Key Facts
- The bill is called the Restoring Opportunity for Advanced Education Act.
- President Trump’s law created new borrowing limits for graduate and professional students starting July 1, 2026.
- Graduate students are now limited to borrowing $20,500 per year and $100,000 total.
- Professional students can borrow up to $50,000 per year and $200,000 total.
- There is also a lifetime federal student loan limit of $257,500 across all federal loans.
- The Grad PLUS loan program, which used to allow borrowing up to the full cost of attendance, was eliminated.
- The Department of Education said the limits help control student debt and encourage schools to lower tuition.
- Representative Figures’ bill would remove these borrowing caps and bring back the Grad PLUS loan program.
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