Photo by Heather Diehl/Getty ImagesLimits on federal borrowing may reduce excessive student loan debt. Still, without tackling the underlying issue of rising tuition costs in graduate education, the number of individuals who can obtain these advanced degrees may be reduced. In 2025, the Working Families Tax Cuts Act, more commonly known as the ‘One Big Beautiful Bill,’ eliminated the Grad PLUS Loan Program. On July 1, 2026, the new federal student loan policy went into effect. This policy reclassified certain advanced degree programs as professional and other graduate programs. Now, you may be thinking to yourself, “I’ve heard this before,”…