Federal loan caps for graduate and professional students are set to change beginning July 1 as Grad PLUS borrowing is eliminated for new borrowers and new annual and aggregate limits take effect. Under the new model, graduate programs generally face a $20,500 annual federal limit, while certain professional programs receive higher limits. The article emphasizes that the shift is not limited to financial aid accounting; it alters credit-based access for students and may create uneven impacts by region and household financial context. A COHEAO report estimates $8.7 billion in modeled borrowing above the new annual caps, with patient-facing healthcare pathways accounting for about $6.1 billion. For institutions, the change could create both risks and recruitment opportunities for high-brand programs, while smaller nonprofit institutions may face greater ability-to-bridge gaps challenges as students seek replacement financing.