Student-loan borrowers face 'imminent' harm from Trump's plan to limit borrowing for advanced degrees, judge says
Source: Business Insider ·
In the latest ruling on student-loan borrowing caps for professional degrees, a federal judge said the Trump administration exceeded its authority.
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A federal judge said the Trump administration's plan to limit student-loan borrowing for advanced degrees is an overreach of authority.Chip Somodevilla/Getty ImagesA federal judge recently ruled that Trump's plan to cap borrowing for professional degrees was an overreach.It's the third ruling that blocked Trump's plan to limit higher borrowing to 11 professional programs from taking effect.The judge said that students and colleges would face "imminent" harm and revenue loss from the caps.A federal judge dealt another blow to the Trump administration's plans to cap student-loan borrowing.US District Judge Michael Simon ruled that the Department of Education exceeded its authority when it intended to restrict access to federal lending for certain professional degrees.It's the third ruling by a federal judge blocking the department's plan from taking effect. The department had planned to implement a new rule on July 1 that would have limited professional degrees to 11 programs,…
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