Orangeburg's student debt crisis deepens under new federal loan caps

Orangeburg has the second-highest student debt burden in the US. The median debt there stands at $27,493, while median earnings are $36,979. This gives the area a debt-to-earnings ratio of over 74%. The One Big Beautiful Bill Act has introduced stricter borrowing limits for graduate students. Those in 'professional' degree programmes can now borrow up to $50,000 per year, with a total cap of $200,000. Other graduate students are limited to $20,500 per year and $100,000 in total.

Nursing programmes, including nurse anaesthesia, are not classified as 'professional' degrees. This affects Certified Registered Nurse Anaesthetists, who play a key role in operating rooms and healthcare access.

Twenty-five states are challenging the new federal rule on loan caps. They argue it could restrict access to advanced professional training and worsen workforce shortages. The Education Department claims the limits will push universities to lower tuition and reduce student debt.

Other areas in South Carolina, such as Murrells Inlet, Walterboro, and Ladson, also face high debt-to-earnings ratios. These range from 59% to 66%. The new borrowing limits aim to curb student debt but face opposition from states concerned about training access. The rule may force universities to adjust tuition fees. Orangeburg and nearby areas continue to struggle with high debt burdens relative to earnings.