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Student Loan Changes Starting July 2025 | Montpelier News
Student loan rules are about to change big time—starting July 1, 43 million borrowers will face new repayment options and borrowing caps. Current borrowers on the SAVE plan have until the end of the month to switch plans. Starting July 1, 2026, new borrowers will only have two repayment paths: income-based or tiered standard. Borrowing limits are tightening too—Parent Plus loans capped at $20K/year and $65K total, grad students at $100K max, and professional students at $50K/year with a $200K lifetime cap. The Department of Education’s new repayment calculator helps you compare plans and…
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