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Source:
The Boston Globe
The Boston Globe
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Starting July 1, federal limits on graduate student loans will restrict borrowing and eliminate the Grad Plus program, which allowed students to finance entire degrees. This change aims to address concerns about rising costs and the student debt crisis but raises fears that working-class students may be priced out of advanced degrees. Some universities are responding by reducing tuition or creating in-house loan programs, while employers are exploring innovative loan support options for medical and healthcare students. The reforms are expected to prompt a broader reassessment of graduate school affordability and access.
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