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Ohio Student Loans Face New Limits | Columbus News
Student loan debt in Ohio is now averaging $35,000, thanks to new federal limits rolled out a year ago. Graduate students now face borrowing caps—$50,000/year for professional degrees like law or medicine, capped at $200,000 lifetime; others get $20,500/year with a $100,000 cap. Parent PLUS loans are now limited to $20,000 per child. These changes could force some to delay school or turn to riskier private loans. Repayment options are now narrowed to a tiered plan or income-based plan, with the popular SAVE program being phased out—7 million borrowers must switch by September or face…
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