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Congress wants to significantly cut back on federal loans for grad students. That could decimate the highly profitable graduate degree market—and limit who has access to it.

This year’s Heterodox Academy conference—the first since Republicans retook the White House—featured similar complaints about academe as in years past. But the federal government’s sweeping interventions raised questions about what’s really warranted.

The document shows how the agency plans to comply with Trump’s executive order that sought to crack down on who can qualify for loan forgiveness.

Officials say it’s an effort to reduce costs and boost student outcomes, though the Florida governor wants to take down the “accreditation cartel.”

While paused for now, the Education Department has plans to let the Department of Labor take over funding for career and technical education programs. CTE advocates fear the shift.

The loans are disproportionately utilized by Black and Latino families and the families of students at HBCUs, and advocates worry the limits will hinder access to college.

New research from Purdue University suggests that students who are unable to enroll in STEM courses their first semester are pushed out of those majors.