New federal borrowing limits for graduate and professional students take effect July 1, eliminating Grad PLUS for new borrowers and applying annual and aggregate loan caps that vary by program type. Campus leaders are expected to treat the change as more than a financial aid adjustment because it can reshape enrollment, retention, and institutional budgeting. A COHEAO report, “Mapping the Gap,” estimates about $8.7 billion in modeled graduate and professional borrowing would fall above the new annual caps. Patient-facing healthcare programs represent roughly $6.1 billion (about 70%) of the exposure under COHEAO’s workforce definition. The analysis flags uneven impacts across institutions, identifying 166 “high-brand” institutions accounting for about $3.3 billion in modeled exposure. For these colleges, the new caps may create opportunities to bridge financing gaps through targeted student support—while smaller private nonprofits under 5,000 undergraduate students face distinct exposure patterns and likely different operational challenges.