New Borrower Loan Caps and Graduate Program Impact

Post-July 1 borrowers limited to RAP and Tiered Standard (no PSLF) with caps: $20.5k/yr unsub, $100k grad, $200k prof, $65k Parent, $257k life. Graduate loan rates 8.07%. A federal judge temporarily blocked caps for nursing programs on June 24. Analysis links $100k grad cap to potential principal pipeline contraction. Local universities report processing delays and student stress due to prorating and new limits.