The state of Louisiana aims for 60% of working-age adults to hold a degree or valuable credential by 2030. This goal is set against a backdrop of higher education’s link to the current affordability crisis in both Louisiana and the broader United States.

Issues arise as federal financial aid diminishes. Recent changes include the elimination of Grad PLUS loans. These loans previously allowed graduates to borrow funds for education-related expenses not covered by other financial aid.

Additionally, stricter borrowing caps on graduate students limit access to education in fields like nursing and social work, where there is a high demand for professionals. These limits make it harder for students to manage costs associated with their education.

Moreover, subsidized federal student loans, which significantly reduce interest costs over time, face potential cuts. The House’s proposed funding bill for the upcoming fiscal year threatens these loans, affecting students’ ability to pursue higher education affordably.