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New Student Loan Rules Take Effect | Nashville News
Description
Starting July 1, sweeping new federal student loan rules hit campuses — slashing borrowing limits for part-time students, capping loans for grad students and parents, and eliminating Federal Graduate PLUS Loans for new students entering fall 2024. With repayment options shrinking to just two plans for new borrowers and confusion over what counts as a “professional program,” many are scrambling to adjust. Schools are rushing to inform students, some turning to private loans, while legal battles linger. Don’t wait — check your school’s financial aid site and StudentAid.gov now. Your future depends on it.
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