""There is definitely a gap in everyone's understanding and ability to anticipate how this is gonna play out for specific fields and institutions," said Meredith Welch, a postdoctoral fellow at PEER."
""The process definitely involves error and, especially for particular programs or particular institutions, you should definitely view these as estimates rather than, like, a definitive number," she said."
New borrowing caps for graduate students could affect 30% of them, according to research from the Postsecondary Education & Economics Research Center. These caps may change college financing and lead to program closures. Institutions are responding by offering alternative lending options or partnering with private lenders. A state has initiated its own loan program to assist graduate students. Researchers found that many borrowers exceed the caps, particularly those with low credit scores. The data used for estimates has limitations, and caution is advised in interpreting the findings.
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