When Congress passed the One Big Beautiful Bill Act, it changed a central feature of how graduate education in the United States is financed. For nearly two decades, federal policy allowed graduate students to borrow up to the full cost of attendance through the Graduate PLUS loan program. That option will end in June 2026.

A new report from the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute (PDF File) offers one of the clearest pictures yet of what that change could mean for students, families, and lenders.

The analysis finds that millions of future graduate students may face a new financing gap — and that private lenders may not be ready or willing to fill it.

Curious how to become a billionaire? It's a question that got me thinking...

Earlier this year, I was browsing social media and came across an interesting post. Someone asked a pointed question, which seemed particularly relevant as I was in Las Vegas at the time. “What do you need to do to become a billionaire?”

With all of my personal finance and business knowledge, I began to ponder what my top advice would be. I came up with two answers pretty quickly. Here are my thoughts on how to become a billionaire.

The thought of going back to business school appeals to those who want to boost their income and advance in their career. However, business school can cost anywhere from $20,000 to $150,000 per year, so it is critical that the benefits of business school will outweigh the costs. Even the average cost of $60,000 is too expensive to "find yourself".

If you're thinking about going to business school to get your MBA, you should do so with specific purpose and be working to realize specific benefits. You need to have a specific ROI on the investment in your education.

Is going to business school and getting an MBA worth it? Maybe.

I received my MBA and I can honestly tell you that it was only worth it because it was partially-paid for by my employer. The true out-of-pocket cost of $80,000 would probably not have been worth it.

With that being said, these are the questions that you should answer before pursuing an MBA.