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Student Loan Caps Hit Wednesday | Green Bay News
Big changes are hitting student loans this Wednesday — with major impacts for borrowers nationwide. Seven hundred thousand Wisconsinites alone owe over $24 billion, averaging $34,000 each. The SAVE repayment plan is shutting down, meaning higher monthly payments for many. New caps are also hitting student borrowing: grad students capped at $20,500/year with a $100,000 lifetime limit, and Parent PLUS loans capped at $65,000. Officials say these limits are meant to pressure colleges to lower tuition and make higher education more affordable — but the full effects are still unfolding. Listen in…
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