Student Loan Repayments To Change in July 2026: What Borrowers Need To Know
Summary
Starting in July 2026, new federal rules will change student loan borrowing limits and repayment options. These rules set lower caps on loans for graduate and professional students and introduce limits for parents borrowing for their children.Key Facts
- The new rules take effect on July 1, 2026.
- Graduate students can borrow up to $20,500 per year and $100,000 total.
- Professional degree students (medicine, law, etc.) can borrow up to $50,000 yearly, with a $200,000 lifetime cap.
- Parent PLUS loans will be capped at $20,000 per year per child and $65,000 total.
- Most borrowers will have a lifetime loan limit of $257,500, with some exceptions.
- Professional degrees now only include 11 specific doctoral programs, excluding others like nursing and social work.
- The Department of Education says the changes aim to reduce excessive debt and encourage lower college costs.
- Some people worry these new limits will make it harder for students in certain healthcare fields to afford education.
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