The U.S. Department of Education is undergoing a rulemaking process that would significantly impact federal student loan amounts available to post-baccalaureate nursing students. Since the Department has not identified nursing as a “professional degree," nursing students in master’s and doctoral programs would only be eligible for significantly lower annual ($20,500 vs. $50,000) and aggregate lifetime ($100,000 vs. $200,000) loan limits. These proposed changes are not yet finalized.
If not corrected, this policy would create a barrier for many nurses seeking to advance their education, reduce access to patient care, and impact the stability of the nursing workforce, including the nation’s supply of advanced practice nurses, researchers, and faculty.