This one is undergoing Telephone Game alterations as it passes around social media.
What's actually happening is that #DonaldJTrump's new "big beautiful" law said that only "professional students" can have certain levels of student loans, and the RISE committee of the USDOE is having a bit of a barney about what "professional degrees" qualify for this because of a wording mis-match.
https://ed.gov/media/document/rise-2025-loan-limit-definitions-lily-112447.pdf
https://law.cornell.edu/uscode/text/20/1087e#a_4