The Department of Education is forging ahead with significant changes to the federal student loan system that will limit the ability of prospective students enrolling in college and graduate programs to finance their degree. Advocacy groups warned that the new limitations, which will take effect starting next year, may force many Americans to turn to riskier private student loans or abandon higher education entirely.
The new student loan limits stem from provisions of the One Big, Beautiful Bill Act, or OBBBA. The Department of Education completed negotiated rulemaking earlier this month to enact new regulations under the OBBBA governing the…
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