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New Student Loan Rules: Major Changes for Grads
Description
Starting July 1st, federal student loans undergo significant changes for new borrowers, including caps on Grad PLUS loans and new repayment plans. Critics warn these changes could increase costs and limit access, particularly for low-income and students of color. The Education Department introduces the Repayment Assistance Plan and Tiered Standard Plan, while the departments role shifts to Treasury, potentially causing enrollment issues.
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