Judge ruling puts question mark on Trump grad-loan caps for private lenders
Federal judges have stopped a piece of the Trump-era graduate loan rule, which could cap growth for private student lenders betting on expensive health programs. Lenders were set to gain as these programs shifted down to a lower federal loan level. U.S. District Judge Beryl Howell in Washington blocked and put on hold the Education Department’s new “professional degree” definition, finding the agency probably exceeded Congressional limits. “Congress removed any discretionary authority the Department may have had to narrow the definition,” Howell wrote.