New York Times: “The Education Department said on Thursday that new caps on federal loans for graduate school would take effect on July 1, a move aimed at cutting the cost of postsecondary education.”
“The loans will be limited to $20,500 per year and $100,000 in total, while loans for professional students, including those seeking medical or law degrees, will face annual caps of $50,000 and a lifetime limit of $200,000.”

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