New Federal Rules Reshape Student Loans | Texas News

Texas News Today | 2 Min News | The Daily News Now! · Jul 9, 2026 · 1m

New federal student loan rules, effective July 1st, are dramatically reshaping how students and families finance college — from tighter borrowing limits to revamped repayment options. Undergrads now see loan amounts tied to credit hours, with reduced funding for part-time students. Parent PLUS loans face new caps, and Graduate PLUS loans are largely off the table for new borrowers. Two fresh repayment plans — income-based and extended fixed payments — offer more flexibility. Graduate students hit hardest as PLUS loans no longer cover full tuition. Parents must now plan for lifetime loan…