Big changes arrive July 1 for student borrowers, including in loan repayments

By: Shauneen Miranda

Outlets: DC Bureau (States Newsroom)

Published: May 8, 2026

Words: 1,092

Last Updated: 2 months, 3 weeks ago

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WASHINGTON — The federal student loan system is set to see a dramatic overhaul beginning this summer, and critics warn it likely will make loans more expensive and difficult to obtain for borrowers — driving them to private lenders or altering their plans for higher education.

Among the major changes are new loan limits for graduate and professional students, a restructured repayment system where new borrowers will have only two plans to choose from and the …

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