Story thread · 2 reports / 2 sources

New federal caps on graduate loans aim to curb soaring tuition costs

deseret.com · 16h · first reportShare

College tuition has been the fastest growing household expense for decades. New caps on student loans could be the solution to saving students and taxpayers billions, but the results are hard to predict. Tuition prices have skyrocketed since 2006 when the Grad PLUS loan program was introduced, allowing graduate students to borrow up to the full cost of attendance for graduate programs. The federal student loan portfolio was approximately $480 billion in 2006 , and is now at nearly $1.7 trillion. “For two decades, colleges and universities have been able to charge virtually unlimited tuition, even as many student loan borrowers see little to no return on their investment,” the Department of Education said in a statement to the Deseret News. New caps on how much money graduate and professional students are allowed to borrow from the federal government were recently established by the One Big Beautiful Bill Act (OBBBA) in an effort to lower sticker prices for post-undergraduate programs.