US Education Department Announces Major Student Loan Reforms and Borrowing Caps
The Department of Education finalized negotiations on President Trump's student-loan repayment overhaul, which includes replacing income-driven repayment plans with new options, instituting borrowing caps on graduate and professional loans, and eliminating the Grad PLUS program. These changes are set to take effect in July 2026 and aim to make higher education more affordable and hold universities accountable for costs.