Millions of student-loan borrowers are losing access to a key repayment option. A major private lender is stepping in.

President Donald Trump's administration is eliminating the Grad PLUS program, which could push more borrowers toward private lending. Daniel Heuer/Bloomberg via Getty Images New student-loan borrowing caps on advanced degrees will go into effect in July. College Ave, a private lender, announced a new STEM loan for graduate students to fill the federal gap. More federal borrowers are expected to turn to private lending due to Trump's repayment changes. Sweeping federal student-loan changes a...