"The finalized rule maintains the department's limited definition of 'professional,' meaning access to the highest amount of federal loans will be limited to 11 degree programs, including pharmacy, law, and medicine."
"Critics argue that the department's definition violates congressional intent by making a nonexhaustive list of example programs exhaustive, potentially leading to a decline in enrollment in key, high-cost, high-demand degrees."
"The vast majority of comments received during the public comment period were negative, with tens of thousands of respondents expressing concerns about the impact on various degree programs."
The Trump administration finalized regulations establishing new loan limits for postbaccalaureate degrees. Access to the highest federal loans is restricted to 11 specific degree programs, while others are limited to lower amounts. This decision faced significant criticism during the public comment period, with many arguing it contradicts congressional intent and could lead to a shortage of professionals in key fields, particularly in healthcare and education. The finalized rule is the culmination of a lengthy rule-making process initiated by Congress.
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