PT Student Loan Limits: Why Lower Tuition Isn't the Real Outcome

We break down the new federal borrowing cap of $20,000 per year for physical therapy students and examine whether it actually leads to lower tuition. After running 10,000 scenarios, we found that schools rarely lower tuition—instead, we see more private loans, fewer applicants, smaller classes, and fewer graduates. Rather than functioning as a price correction, this policy acts as a sorting mechanism that determines who can afford to become a PT and who opts out.