The “Big Beautiful Bill” will eliminate Grad PLUS for new borrowers starting in July 2026 and cap federal loans for professional programs at $50,000 per year. Medical school, law school, dental school, pharmacy school, and other professional programs can cost more than $100,000 a year.
That gap gets pushed onto private loans, credit, cosigners, and family wealth. A student facing a $60,000 yearly gap could end up needing around $240,000 in private borrowing over four years, before residency even starts.
They are making professional schools accessible only to the ultra-rich. But sure, let’s spend billions destroying schools 7,000 miles away.
#GradPLUS #StudentLoans #HigherEducation #BigBeautifulBill