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Big changes arrive July 1 for student borrowers, including in loan repayments

The new rules eliminate Grad PLUS for new borrowers and cap graduate and Parent PLUS loans as critics warn of higher costs.

Summary by KOTA
New federal rules taking effect July 1 overhaul student loans, ending Grad PLUS for new borrowers, adding new borrowing caps, and replacing repayment options with two plans.

9 Articles

Daily MontananDaily Montanan
+8 Reposted by 8 other sources
Lean Left

Big changes arrive July 1 for student borrowers, including in loan repayments

The U.S. Department of Education on Feb. 20, 2026. (Photo by Shauneen Miranda/States Newsroom)WASHINGTON — The federal student loan system is set to see a dramatic overhaul beginning this summer, and critics warn it likely will make loans more expensive and difficult to obtain for borrowers — driving them to private lenders or altering their plans for higher education. Among the major changes are new loan limits for graduate and professional stu…

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Western Iowa Today 96.5 KSOM KS 95.7 broke the news on Sunday, May 10, 2026.
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