New Student Loan Rules Spark Debate | Jersey News

Jersey City News Today | 2 Min News | The Daily News Now! · Jul 3, 2026 · 1m

New federal student loan rules hit July 1 with major changes that could reshape higher education financing — stricter borrowing caps for grad students and parents, the end of the popular SAVE repayment plan, and a potential avalanche of defaults. While officials tout fiscal discipline and accountability for colleges, critics warn low-income families face mounting pressure as Pell Grants fall short and private loans loom. The rollout’s chaos, confusing deadlines, and lack of tuition incentives leave millions scrambling — and many are already feeling the squeeze. Listen in comfort:Get a…