Tag: student loans
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Department of Education issues regulation modifying federal student loan programs
On May 1, the Department of Education issued a final rule that overhauls federal graduate student borrowing limits, parental borrowing limits, and replaces current income-driven repayment plans. This regulation, the majority of which will go into effect on July 1, 2026, implements some of the changes that the One Big Beautiful Bill Act (OBBBA) made…