Grad PLUS
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Search complete. 44 mentions across 17 episodes found for "Grad PLUS".
Sep 23, 2026
Rachel SchnellyCORRESPONDENT
Spencer says she's had to take out a private loan to make up the difference.
Rachel SchnellyCORRESPONDENT
Another big change in the law affected the Grad Plus program, which helps cover whatever the federal student aid doesn't cover.
Rachel SchnellyCORRESPONDENT
It now only applies to students who were grandfathered into the program, not first-time students like Spencer.
Elsa SpencerSOUNDBITE_SPEAKER
And then that also doesn't account for the cost of attendance also has the cost of living for like where you're living, your food and travel.
ConnorAUDIENCE
It's about 7.8%, uh, it's at 20,000.
ConnorAUDIENCE
That single loan, it is, it's a Grad PLUS loan.
ConnorAUDIENCE
And, uh, we are, we found out two weeks ago, expecting.
John DelonyHOST
Hey, congrats.
David BunnellGUEST
So let's go into the Wayback Machine all the way back to the summer of 2025 when H.R. 1 was passed, the so-called Big Beautiful Bill.
David BunnellGUEST
And in that concept, they they talked about taking away the grad plus loans and putting different tiers of federal loan limits.
David BunnellGUEST
So in that concept, actually, the PA world was included, but there was a section of the law that was kind of talking about professions that could be included, but it was never meant to be all-inclusive.
David BunnellGUEST
Department of Education, unfortunately, went and took a hard read of that and took it very literally and tried to exclude PAs and many other professions, such as nurses and CRNAs and many, many others.
Lauren WilliamsHOST
So that's one piece of the puzzle as far as, like, the numbers being so low
GlennHOST
lowYeah, there were no, uh, Grad PLUS loans at that time to really take out a whole lot of debt at that time.
GlennHOST
Also, the plan that I mentioned here, the ICR plan, it wasn't then until, I think, 2009 that the next income-driven repayment plan, the IBR plan, was introduced.
GlennHOST
That lowered payments even further.
Steve SchwartzHOST
And there is recent news on the loan front.
Steve SchwartzHOST
Grad plus loans ended on July 1st, 2026, and the federal ceiling for professional loans is now $50,000 a year and $200,000 for life.
Steve SchwartzHOST
And the average annual cost of attendance for a private law school is $83,730.
Steve SchwartzHOST
So do the math across three years, you're looking at a quarter million dollars, even though the federal government will now only let you borrow $150,000.
Steve SchwartzHOST
And there is recent news on the loan front.
Steve SchwartzHOST
Grad plus loans ended on July 1st, 2026, and the federal ceiling for professional loans is now $50,000 a year and $200,000 for life.
Steve SchwartzHOST
And the average annual cost of attendance for a private law school is $83,730.
Steve SchwartzHOST
So do the math across three years, you're looking at a quarter million dollars, even though the federal government will now only let you borrow $150,000.
Robert FarringtonHOST
The student loan fund is als- is one of the few places where the July first twenty-six OBBBA added money instead of removing options.
Robert FarringtonHOST
The law eliminated Grad PLUS, capped parent borrowing, collapsed repayment plans into two choices, and ended SAVE.
Robert FarringtonHOST
I think two choices is a lot better than, like, twelve.
Robert FarringtonHOST
But any, I, anyway, I don't know.
Steve SchwartzHOST
And there is recent news on the loan front.
Steve SchwartzHOST
Grad plus loans ended on July 1st, 2026, and the federal ceiling for professional loans is now $50,000 a year and $200,000 for life.
Steve SchwartzHOST
And the average annual cost of attendance for a private law school is $83,730.
Steve SchwartzHOST
So do the math across three years, you're looking at a quarter million dollars, even though the federal government will now only let you borrow $150,000.
Steve SchwartzHOST
Most people in their spreadsheets just add the principal then stop And there is recent news on the loan front.
Steve SchwartzHOST
Grad PLUS loans ended on July 1st, 2026, and the federal ceiling for professional loans is now $50,000 a year and $200,000 for life.
Steve SchwartzHOST
And the average annual cost of attendance for a, a private law school is $83,730.
Steve SchwartzHOST
So do the math across three years, you're looking at a quarter million dollars, even though the federal government will now only bor- let you borrow $150,000, and so there is a gap there of about $100,000 that you're gonna fill in with private credit at whatever rate your cosigner's file earns with none of the federal protections associated.
Heidi KovalickGUEST
Case in point, we are still waiting for our software vendors to issue patches for our processing system so that we can begin processing student loans for students who are less than full time.
Heidi KovalickGUEST
We still have some, say, unfinalized definition of expected time to graduation completion that's used in the grandfathering clauses or legacy clauses of the grad plus loan, the parent plus loan.
Heidi KovalickGUEST
It's not such an issue so much for us on the parent plus loan side as much as it is for our professional students and grad plus.
Heidi KovalickGUEST
How long are they going to have? And so the...
Heidi KovalickGUEST
The year has been incredibly stressful.
Daniel BarkowitzGUEST
So we did talk about last year segmenting markets and doing some different communication.
Daniel BarkowitzGUEST
We did that.
Daniel BarkowitzGUEST
For new students, they don't know any differently, sort of, although there is still some surprise from students who say, what do you mean I can't get a grad plus any longer? Or what do you mean this is the new space? But by and large, new students have sort of...
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