Inside an actual report
Two risks.
Different answers.
In this University of Virginia sample, none of the 63 programs with measured earnings falls below the earnings benchmark. Yet the report estimates $27.6 million in historical annual graduate borrowing above the new loan caps.
That distinction matters. It helps leadership separate borrowing pressure from earnings-accountability exposure and direct the next round of investigation.
Illustrative assessment, September 2026. Earnings are measured for 63 of 187 programs; unmeasured programs are not counted as passing. Borrowing exposure uses historical data and is not a forecast of current-year revenue loss.