The U.S. Department of Education (DOE) has updated which majors fall under its definition of “professional” degrees, and student loans could be affected in the long term.
Under the revamped definition of “professional degree” programs, nursing and other key health care jobs have been excluded, triggering financial concerns for many.
Why It Matters
The changes are a result of President Donald Trump’s One Big Beautiful Bill Act. Since Americans hold nearly $1.8 trillion in student debt, these reclassifications could change who is able to apply and qualify for certain aid or debt programs.
What To Know
Under Trump’s fiscal plan, undergraduate loans are capped, and the GRAD PLUS program is eliminated. There’s also a new Repayment Assistance Plan, but only students pursuing a “professional” degree can borrow up to $50,000 per year.
Because of this stipulation, there are long-standing consequences for those in majors and degrees not deemed “professional” by the DOE’s new framework.
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What Degrees Not Being Classified as ‘Professional’ Means for Student Loans
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