Private student loan market set to expand under new federal loan caps — with risks for grad school borrowers

Smith Collection | Gado | Archive Photos | More graduate students are likely to take out private education loans after new federal loan caps were established in President Donald Trump's One Big Beautiful Bill Act . That prospect is worrying, consumer advocates and other financial experts say — private lenders are likely to reject many student applicants because of their credit scores or income, and those who are approved could face more expensive borrowing terms . …