• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

2

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

3

Current price of oil as of July 6, 2026

1

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

2

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

3

Current price of oil as of July 6, 2026
student loans and debt

Trump’s OBBBA will cap federal loans on July 1. Republicans are going over Trump’s head to save student loans for nurses

By
Jacqueline Munis
Jacqueline Munis
Former News Fellow
Down Arrow Button Icon
By
Jacqueline Munis
Jacqueline Munis
Former News Fellow
Down Arrow Button Icon
June 17, 2026, 3:57 AM ET
Doctors and nurses huddle in a hospital hallway
A provision to restructure federal graduate loans will establish a $100,000 cap on graduate degree loans and a $200,000 cap on professional degree loans. John Tlumacki—The Boston Globe/Getty Images
Add Fortune on Google for similar content.

On July 4 last year, President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law, sweeping legislation that touches on almost every aspect of American life, from immigration to taxes to education. One notable provision involves caps on federal student loan borrowing, touching on one of Trump’s campaign promises to lower costs for higher education by restructuring federal funding. 

Recommended Video

Starting July 1, federal student loans will be capped at $100,000 on graduate degrees and $200,000 on professional degrees. Previously, students could finance advanced degrees with unlimited Grad PLUS loans, which were eliminated in the bill.  

Given how these caps significantly alter how much federal aid one can use to pay for their graduate programs, there’s a growing contingent in Congress trying to shield one high-demand profession in particular from that cap: nurses. 

“America’s strength has always been rooted in the talent, ingenuity, and determination of its people,” said House Appropriations Committee Chairman Tom Cole (R-Okla.) in a statement. “By investing in their health, skills, and potential, this legislation helps ensure our country remains strong, competitive, and prepared for the future.”

Cole’s comments come as the Republican-led House Appropriations Committee advanced an amendment to its budget bill last week that would increase borrowing limits for master’s and doctoral-level nursing degrees—which would otherwise be limited to the $100,000 cap come July 1. The measure—alongside other provisions that expand funding for nurse training and biomedical research, just as it cut programs for refugees and unaccompanied minors—made it out of committee in a 34-to-28 vote. 

“Following the president’s direction, we have taken a close look at every program funded in this bill and worked to codify the Trump administration’s efforts to end senseless progressive overreach,” Labor, Health and Human Services, Education, and Related Agencies Subcommittee chair Robert Aderholt (R-Ala.) said in the statement. “This bill advances educational opportunities, restores accountability, and ensures taxpayer dollars are directed towards core functions like biomedical research, biodefense infrastructure, and rural health.” 

Nurse educators shortage

In May, Senators Jeff Merkley (D-Ore.) and Roger Wicker (R-Miss.) introduced a bipartisan bill that would classify advanced nursing degrees as professional degrees, raising those students’ borrowing limit. The OBBBA defines professional degrees as medical, dentistry, and law degrees but notably excludes some of the most popular degree programs such as those for a business or an education master’s. The new bill would apply to students training to become nurse practitioners, clinical nurse specialists, certified nurse-midwives, certified registered nurse anesthetists, and other nursing roles that require an advanced degree. 

In December, five Republican representatives sponsored a bill that would expand professional degrees to include nursing and other health care degrees as well as MBAs and master’s degrees in education and theology. A bipartisan group of more than 150 members of Congress signed a letter calling on the Education Department to add nursing to its list of professional degrees in March. Politicians and nursing associations have warned that federal borrowing loan caps will force students into private loans, which typically have higher interest rates, leaving students with more debt over time. 

The bipartisan support for nurse training comes at a critical moment for nursing. For years, the country has faced a nurse shortage, largely owing to the fact that there aren’t enough teachers to meet demand in nursing programs for registered nurses and licensed practical nurses. Nurse educators are required to have at least a master’s degree, which will be harder to obtain with a lifetime borrowing limit on all degrees. The national vacancy rate for nursing faculty sits at 7.2%, according to the American Association of Colleges of Nursing. The federal Health Resources and Services Administration projects that the U.S. registered nurse shortage will extend until 2038, and that the U.S. will only have 70% of the licensed practical nurses it needs by that time.  

Meanwhile, in other higher education fields, the problem is often the opposite: There is typically too much interest in a limited number of spots in academia. Less than a quarter of life and health sciences PhD graduates land a tenure or tenure-track position.

The Department of Education did not respond to Fortune’s request for comment, but it has previously called the caps “commonsense limits,” saying the borrowing limits would pressure universities to lower education costs. According to the Education Data Initiative, the average federal student loan borrower had $39,075 in debt.

The budget amendment is part of the federal budget, meaning that this year’s nursing borrowers will still have a $100,000 cap until Oct. 1 at the earliest, were the bill to become law. 

About the Author
By Jacqueline MunisFormer News Fellow
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Planned Parenthood restarts Medicaid billing after Trump defunding last year closed clinics, hitting services like breast cancer and STD screenings
North AmericaDonald Trump
Planned Parenthood restarts Medicaid billing after Trump defunding last year closed clinics, hitting services like breast cancer and STD screenings
By The Associated Press and Geoff MulvihillJuly 7, 2026
1 hour ago
Chinese tea chain’s $1.5 million trademark infringement loss to Louis Vuitton sparks fight over who owns a flower pattern
AsiaChina
Chinese tea chain’s $1.5 million trademark infringement loss to Louis Vuitton sparks fight over who owns a flower pattern
By The Associated Press and Chan Ho-HimJuly 7, 2026
1 hour ago
‘I was one of those children’: Utah revokes license of the boarding school where Paris Hilton says she was abused
Asiautah
‘I was one of those children’: Utah revokes license of the boarding school where Paris Hilton says she was abused
By The Associated PressJuly 7, 2026
1 hour ago
Around 2.6 million fewer Americans have affordable healthcare access plan as affordability becomes top issue ahead of midterms
North AmericaAmerican Politics
Around 2.6 million fewer Americans have affordable healthcare access plan as affordability becomes top issue ahead of midterms
By The Associated Press and Ali SwensonJuly 7, 2026
1 hour ago
Xbox CEO Asha Sharma at Fortune Brainstorm Tech 2026 in Aspen, Colo. (Photo: Stuart Isett/Fortune)
NewslettersMPW Daily
How Microsoft’s new Xbox chief is resetting one of the company’s most iconic brands
By Emma HinchliffeJuly 7, 2026
1 hour ago
Trump is building a helipad with ‘carved granite’ White House seal to handle new presidential choppers
PoliticsDonald Trump
Trump is building a helipad with ‘carved granite’ White House seal to handle new presidential choppers
By The Associated PressJuly 7, 2026
2 hours ago

Most Popular

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
AI
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
By Marco Quiroz-GutierrezJuly 5, 2026
2 days ago
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
Success
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
By Preston ForeJuly 6, 2026
1 day ago
Current price of oil as of July 6, 2026
Personal Finance
Current price of oil as of July 6, 2026
By Joseph HostetlerJuly 6, 2026
1 day ago
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
Success
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
By Preston ForeJuly 4, 2026
3 days ago
Current price of silver as of Monday, July 6, 2026
Personal Finance
Current price of silver as of Monday, July 6, 2026
By Joseph HostetlerJuly 6, 2026
1 day ago
The man who ran Bernie's campaign says Democrats are still making the same mistakes with Democratic Socialists, and they should laud Mamdani's win
Politics
The man who ran Bernie's campaign says Democrats are still making the same mistakes with Democratic Socialists, and they should laud Mamdani's win
By Catherina GioinoJuly 6, 2026
19 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.