‘It’s Not a Luxury Degree’

Julia Kent, the vice president of best practices and strategic initiatives at the Council of Graduate Schools, said that this sort of an approach could “run the risk of pushing students who are already low income into more costly financing options, like private loans with higher interest rates.”

Kent also said loan caps do not take into account the wide range of graduate programs and the job outcomes associated with each program.

“Caps on federal loans is a one-size-fits-all approach that doesn’t take into account the particular student, [the] type of program they’re pursuing and the potential career pathway they’re going to be following,” Kent said.