Summary
New rules from President Donald Trump's education bill will change how some degrees are classified as "professional." This affects how much financial aid students can receive for these degrees. Some degrees, like nursing and engineering, are not on the list of professional degrees, causing concern about education costs and student choices.
Key Facts
- President Trump's One Big Beautiful Bill changes how degrees are classified as "professional."
- Professional degree classification affects student reimbursement for higher education costs.
- Nursing, engineering, and other high-demand degrees are not on the new professional list.
- The Repayment Assistance Plan (RAP) replaces previous financial aid programs.
- The Grad PLUS program is ending, and Parent PLUS loans will have limits.
- New loan caps are $20,500 for graduate students and $50,000 for professional students.
- The Department of Education defines professional degrees, but the list can be unclear.
- Concerns arise over fewer students choosing careers like nursing due to cost issues.
