Most of the colleges with the largest graduate programs in the country don’t have clear plans for how they’ll deal with new loan caps, set to kick in next July. And if they do, they aren’t taking publicly about it.

For years, students could borrow essentially unlimited funds to pay for graduate education, thanks to a program known as Grad PLUS that capped loans at the cost of attendance. Republicans in Congress and other critics have argued that colleges took advantage of this program and raised their prices, fueling the student debt crisis. Loans for grad students make up nearly half of the federal loan portfolio.

Along the way, colleges have begun to rely on graduate education to fund their university operations, higher ed experts say.

Read the full article on Inside Higher Ed here.