The tax and spending package known as the Big Beautiful Bill will limit how much graduate students and parents can take out in federal student loans, and while the caps will be higher for programs that Congress defines as "professional degrees,

Some nursing jobs require no advanced degree, and research shows nurses typically complete their degrees with loan amounts under the new cap. However, the proposed change would put a new burden on nursing graduate students seeking federal loans, because their degrees would not be eligible for the higher "professional" cap.

The Chancellor froze student loan repayment thresholds until 2030 on plan 2, meaning more low earners will start repaying 9% of their salary sooner.

The impact of student loan borrowing reforms on the nursing industry has raised especially significant concerns for Black communities.

Paying off your loans early might save you money.