Student Loans: Schools Want the Sky to Be the Limit

Some lower-priced public universities are fine with introducing limits on student debt. The amount graduate students are allowed to borrow is “a little outrageous right now,” says Susan Fischer, who oversees financial aid at the University of Wisconsin at Madison. Others say graduate students should be trusted to understand how to manage their financial obligations. “They know what they are doing,” says Jonathan Burdick, vice provost for enrollment at the private University of Rochester. “People are not as dumb as the public dialogue seems to think they are.”