Federal changes to graduate lending and rapid curricular shifts tied to AI are forcing program and enrollment reassessments. The 2025 law that eliminates Graduate PLUS loans for new borrowers (effective July 1) caps non‑professional graduate borrowing at $20,500 annually, pressuring programs that depend on higher student borrowing. At the same time, business schools like Isenberg and others are rolling out AI‑focused certificates and embedding AI across MBA curricula to meet employer demand—raising questions about affordability, program design and which graduate programs qualify for higher loan limits.