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

New student-loan borrowing caps on advanced degrees take effect in July, creating a federal funding gap for graduate borrowers. College Ave responded by launching a new STEM loan for graduate students to capture that unmet demand. The development is notable for private education lenders, but the broader market impact is likely limited.

Analysis

New student-loan borrowing caps on advanced degrees take effect in July, creating a federal funding gap for graduate borrowers. College Ave responded by launching a new STEM loan for graduate students to capture that unmet demand. The development is notable for private education lenders, but the broader market impact is likely limited.