New Borrowing Caps Proposed: The Trump administration is introducing new student-loan borrowing caps for graduate and professional degrees, with nursing programs facing a lower cap of $100,000 compared to $200,000 for other professional degrees like law and medicine.
Concerns from Healthcare Advocates: Healthcare advocates warn that these caps could worsen the existing shortage of nurses and doctors, as insufficient funding may deter students from pursuing advanced degrees in nursing, which is critical for patient care.
Data Analysis: Most students in advanced nursing programs currently borrow below the proposed caps, but there are concerns that the caps, along with the elimination of the Grad PLUS program, could lead to more students seeking riskier private loans or forgoing their degrees altogether.
Impact on Diversity in Healthcare: Experts suggest that the new borrowing limitations may exacerbate disparities in the nursing field, potentially pushing away students from underrepresented backgrounds and lower-income families, which could affect the diversity of healthcare professionals.
