Connecticut officials unveiled a plan to create a state graduate‑loan program after Congress enacted limits that will end Grad PLUS and cap graduate borrowing — a move that could leave many programs and students exposed. Connecticut leaders propose using CHESLA funds plus state money to plug an initial gap and reach more than 2,000 students. A Federal Reserve Bank of Philadelphia analysis estimates roughly 28% of recent graduate borrowers took loans above the new federal caps and many would struggle to secure private credit without cosigners. The twin developments signal a likely patchwork of state and private solutions, with program eligibility, underwriting standards and institutional aid policies becoming flashpoints for graduate enrollment and program viability.