Will students be shut out of pricier grad programs?
From Marketplace Morning Report by Marketplace
May 4, 2026 · 8 min
About this episode
The episode discusses the impact of new federal student loan borrowing limits on graduate students and the implications for access to advanced degrees.
Starting July 1, a cap on federal student loan borrowing limits kicks in. Graduate students will soon only be able to take out $20,500 a year, and up to $100,000 in total; the cap is higher for some professional programs, like medicine or law. But all this could mean new barriers to advanced degrees for students with little or no credit. Plus, we look at the ever-shrinking consumer cushion. And, what happened to talks of a proposed Spirit bailout?
People in this episode
Host: Marketplace
Topics covered
- student loans
- graduate programs
- education funding
- consumer finance
- credit barriers
Keywords
- graduate programs
- student loans
- borrowing limits
- credit
- education
Mentioned in this episode
Products: student loans
Books & works: Spirit bailout
Places: United States
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