The hope is that graduate loan caps will put pressure on institutions to lower costs. But the caps could cost students much more in the long run.
New federal caps on student borrowing are, in theory, designed to finally push colleges to rein in the cost of graduate education. But less than two months before those limits take effect, universities and private lenders are already building private lending pipelines that could keep tuition high while pushing students and their families into riskier debt.
