r/college • u/losangelestimes • 31m ago
Finances/financial aid If your degree doesn’t pay enough, you can’t borrow. Federal loans cut for low-wage programs
College students pursuing majors, advanced degrees or certifications in fields that consistently earn low incomes will no longer be able to take out federal loans to pay for their schooling under new Trump administration rules.
The new federal rule, finalized this month by the Education Department, comes amid a national crisis in student loan defaults. Many of the degree programs that educate social workers, artists, teacher aides and especially certification programs for barbers and nail technicians are likely to fail a new federal litmus test: Will they make more money upon graduation than if they never enrolled in the first place?
Read more about the federal student loan limitations at the link.