Education Department caps graduate school loans

May 1, 2026 - 01:00
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Education Department caps graduate school loans
The U.S. Department of Education announced Thursday that new caps on federal loans for graduate school programs will go into effect July 1.  The department said this decision is part of the Trump administration’s efforts to reduce the costs of postsecondary education and streamline the student loan repayment process.  Last July, President Trump signed the…