TBA Law Blog


Posted by: Amelia Ferrell Knisely on Sep 9, 2015

Sen. Lamar Alexander has introduced legislation to limit graduate student borrowing to $30,000 a year in government-backed loans, The Commercial Appeal reports. The legislation, supported by Democratic colleagues Michael Bennet of Colorado and Cory Booker of New Jersey, permits programs with especially high costs to appeal to the U.S. Department of Education to let their students borrow up to $15,000 more each year. College lobbyists are attempting to modify or block Alexander’s proposal and argue low-income students will not be able to afford expensive programs if the government decreases its lending limits.