The federal overhaul of graduate student borrowing is prompting urgent warnings from universities and health‑care leaders. Under the One Big Beautiful Bill Act, annual and lifetime federal loan caps for master’s and professional students sharply reduce borrowing power, and the elimination of Grad PLUS removes a longstanding source of funding for many graduate programs. Experts and university officials say the changes could make medical, nursing, and other licensure‑dependent programs unaffordable, constraining the pipeline for clinicians and researchers. Lawmakers and campus leaders have responded with public pushback and regulatory comments seeking broader definitions or carve‑outs for critical fields. Institutions told reporters they are lobbying the Education Department and Congress to prevent unintended workforce shortages; some warned of downstream effects on clinical training, residency applications, and access to care in underserved regions.