Millions of student-loan borrowers are losing access to a key repayment option. A major private lender is stepping in.

Source: Business Insider

President Donald Trump's administration is eliminating the Grad PLUS program, which could push more borrowers toward private lending. Daniel Heuer/Bloomberg via Getty ImagesNew student-loan borrowing caps on advanced degrees will go into effect in July. College Ave, a private lender, announced a new STEM loan for graduate students to fill the federal gap.

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