Rodney Coates, New Student Loan Limits Could Change Who Gets to Become a Professor, Doctor or Lawyer, The Conversation, Oct. 14, 2025.

As millions of student loan borrowers settle into the school year, many are stressed about how they’ll pay for their degrees. These students may find that the One Big Beautiful Bill Act, the big tax and spending bill that President Donald Trump signed into law over the summer, could limit how much they can borrow.

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Supporters of the change say that capping graduate student borrowing will encourage universities to rein in tuition hikes. They also say private student loan providers will step in to help students. I am skeptical, but the true test will come next year.

In the meantime, professional students might want to familiarize themselves with the many scholarship opportunities available. Many organizations offer a range of medical school scholarships, including those targeting women and minorities. The same is true for students interested in law school. A helpful starting point is this list of scholarships with approaching deadlines and these opportunities for women and people of color.