Summary
The U.S. Department of Education has changed which degrees count as "professional," affecting student loans. Nursing and other healthcare fields are no longer included, leading to financial concerns for students in these programs. This change was made under President Trump's fiscal plan.
Key Facts
- The Department of Education updated its list of "professional" degrees.
- Nursing and other healthcare jobs are not on the new "professional" list.
- President Trump's One Big Beautiful Bill Act led to these changes.
- The GRAD PLUS student loan program is eliminated under the new plan.
- Only students in "professional" degree programs can borrow up to $50,000 yearly.
- The new rules go into effect on July 1.
- The change could lead to fewer students pursuing careers in excluded fields like nursing.
- This revision may worsen existing shortages in healthcare professions.
