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Student Loan Limits & Repayment Changes | Charleston News
Student loans are undergoing major changes this week, with new borrowing caps for grad and professional students, stricter limits for parent loans, and a shrinking repayment menu. Graduate students face annual and lifetime caps, while parents can now borrow only up to $20K per child annually. Critics warn these limits could force students toward risky private loans, especially at pricey schools. Repayment options are being pared down to just two plans, with longer cancellation timelines, and existing borrowers face deadlines to switch. To boost on-time payments, autopay now earns a bigger…
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