"The new borrowing caps, in particular, have sparked conversation and concern among advocates, lawmakers, and students. The department proposed a $100,000 lifetime borrowing limit for graduate students and a $200,000 limit for professional students, and narrowed the programs that would qualify as "professional" to 10, including medicine, dentistry, and law. Post-graduate nursing programs are not included in the professional definition, meaning that students in those programs would not qualify for the higher borrowing limit."
"Of the over 2,500 public comments received so far, more than 1,200 mentioned nursing. Another comment said: "Policies that make graduate nursing education less affordable will not only discourage nurses from advancing their education but will also reduce the number of nurse educators available to train the next generation of nurses. Fewer educators mean fewer nursing school slots and longer delays in bringing new nurses into the workforce, and ultimately compromising care.""
Public comment is open on proposed student-loan repayment changes from the Department of Education. The proposal includes new income-driven repayment plans, updates to default handling, and new borrowing caps for advanced programs. The department proposed a $100,000 lifetime borrowing limit for graduate students and a $200,000 limit for professional students while narrowing the professional designation to ten fields such as medicine, dentistry, and law. Post-graduate nursing programs were excluded from that professional definition, so nursing students would not qualify for higher limits. More than 1,200 of over 2,500 comments mentioned nursing, with advocates warning the caps could reduce nurse educators, shrink nursing school capacity, and exacerbate the healthcare workforce shortage.
Read at Business Insider
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