Starting July 1, 2026, new graduate students will no longer be able to borrow through the Federal Grad PLUS Loan program, a major shift in how many students finance advanced degrees. In this episode of the MEFA Podcast, host Jonathan Hughes talks with MEFA’s Director of College Relations, Shawn Morrissey, about what’s specifically changing, which federal loan options remain available, and how new state-based and private loan programs are stepping in with other financing options. Shawn also shares practical advice on comparing loan features, managing borrowing costs, and finding ways to reduce the amount to borrow.