(Graduate Student) My school keeps changing my aid package, unsure if I even qualify for any loans anymore
I'm a grad student starting 3rd & final year of my program in 26-27. My program used to be considered a professional program so I had higher limits for unsubsidized, but has been removed from that list under the new rules.
School sent out an aid package for 26-27 about 2 weeks ago, then changed the proportion of unsubsidized and Grad PLUS, then changed it again today completely removing the Grad PLUS loans. I know it is due to all the changes with OBBBA, but I'm confused if I even qualify for any loans anymore.
I qualify for the legacy provision for Grad PLUS based on having that type of loan from before 07/01/26, but based on new information that has been published, I am not eligible because it is for the lesser of 3 years or the difference between published length of program and amount completed. My program is usually 2 years, but I'm part-time and have already completed 2 years, with 1 remaining. So as far as I understand, I am subject to the new limits including 100k for unsubsidized which I have already hit this semester, and no grad PLUS anymore either. The school emailed me that I no longer qualified for grad PLUS and to view my updated offer. My current updated offer only includes 13k unsubsidized (presumably 2/3 of the 20.5k limit due to the new proration, since I'm attending for 6 credits and full time is 9 credits), but from what I can tell I don't qualify for unsub either so it will likely be removed too?
I am basing this on the information published here: https://fsapartners.ed.gov/sites/default/files/2026-05/Loan%20Limits%20Frequently%20Asked%20Questions%20May%2020.%202026%205%20p.m_.pdf
If I can't get any loans anymore I'll have to drop out for a while to save up the money I need for my last 4 classes.
Anyone have any insight? All these changes are very confusing. Thanks in advance!