The Indicator from Planet Money
Will new loan limits lower the cost of grad school?
December 16, 2025
AI Summary
5 min read🎙️ The Speakers & Context
- The Format: Duo-hosted NPR podcast episode delivering a rapid-fire economic breakdown of jobs data and policy shifts in student lending.
- The Key Players:
- Preston Cooper (Economist, American Enterprise Institute): Tracked student debt dynamics at a leading conservative think tank, citing real-world tuition responses to policy changes.
- Leslie Turner (Economist, University of Chicago): Co-authored empirical study proving dollar-for-dollar tuition hikes from Grad Plus loans using Texas statewide data as national proxy.
- Aisa Canchola Bañas (Policy Director, Protect Borrowers): Advocates for borrower protections, highlighting disparities in private lending access for underrepresented groups.
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What you'll learn
- 1 **(01:22) Jobs Tuesday: November Labor Market Update**
- 2 **(01:55) Healthcare Job Growth and Pipeline Concerns**
- 3 **(03:36) Graduate Student Borrowing Landscape**
- 4 **(04:04) Trump Administration's Elimination of Grad Plus**
- 5 **(04:43) Bennett Hypothesis in Action**
- 6 **(04:56) Empirical Evidence from Leslie Turner**
- 7 **(06:17) Anticipated Tuition Response to Grad Plus Elimination**
+ Full timestamped outline available in the app
Show Notes
The One Big Beautiful Bill Act made a lot of changes to the federal student loan system. One of those changes put a new cap on the amount of loans students in graduate school can take on. Today on the show, we explain the theory behind this change and how it could impact the broader labor market going forward.
Related episodes:
The Market For Student Loans
Here's why Black students are defaulting
Student loans are back, U.S. travel is whack, and AI — please, step back
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
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Related episodes:
The Market For Student Loans
Here's why Black students are defaulting
Student loans are back, U.S. travel is whack, and AI — please, step back
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
To manage podcast ad preferences, review the links below:
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
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