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Without access to federal Grad PLUS loans, students may be forced into the private loan market, where interest rates and origination fees are often much higher — and approval is far from guaranteed. Many graduate students are low-income or first-generation college students. They may lack collateral or established credit histories, and lenders may make judgments about their future earning potential based on their chosen field. As a result, some students could be denied loans altogether, leaving them unable to complete advanced degrees.
This is not just an individual challenge — it’s a workforce issue for Connecticut. We need more nurses, teachers, social workers, and other highly trained professionals. If financial barriers prevent students from pursuing these careers, our communities will feel the impact.
As co-chairs of the Higher Education and Employment Advancement Committee, Sen. Derek Slap and I are committed to addressing this issue in committee and continuing to listen to affected students and families. I’m also grateful to Governor Lamont for his partnership and leadership. With collaboration between the legislature and the executive branch, we can protect access to opportunity and ensure Connecticut meets its workforce needs.
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