Tong joins lawsuit over student loan rules for professional degrees
Connecticut Attorney General William Tong is suing the U.S. Department of Education over new federal student loan limits.Summary
Connecticut Attorney General William Tong has joined a federal lawsuit challenging new student loan rules that impose stricter borrowing caps on certain graduate programs. The lawsuit targets a final rule that limits federal student loan borrowing for fields not classified as "professional degrees," such as nursing, social work, and physical therapy. These fields will face a $20,500 annual cap and a $100,000 lifetime limit, while professional degrees in fields like law and medicine will have a $50,000 annual cap and a $200,000 lifetime limit. Tong argues that these restrictions will stymie the growth of the healthcare workforce and harm students who rely on federal loans to fund their education. The Department of Education defends the rule, stating that it was mandated by Congress to curb excessive borrowing and encourage colleges to lower tuition costs.
(Source：Vancouver Star)