Donald Trump might do away with the Grad PLUS federal loan program
Paying for graduate school may get more difficult under President Donald Trump and a Republican-controlled Congress.
The federal loan program that allows graduate students to borrow up to the cost of their degree — known as Grad PLUS — could be on the chopping block in the relatively near future. Concerns about the cost of the program combined with an appetite for decreasing the government’s role in higher education finance could fuel a Republican push to eliminate or severely curtail Grad PLUS, experts say.
“Everything is on the table here and if the motivation is to look for savings and re-privatize the student lending industry — I don’t think we have enough visibility in terms of what the...