Starting next summer, graduate borrowers can only take out direct loans that have a lower borrowing cap. These are the new limits for graduate school borrowing: For graduate students: up to $20,500 per year; $100,000 total. For professional and medical students: up to $50,000 per year; $200,000 total.

The Trump administration's overhaul of the federal student loan system may leave borrowers without an affordable option to repay their loans, advocates say.

Starting August 1, millions of U.S. student loan borrowers will face a financial shift as interest charges resume. This change, initiated by the Trump administration, could significantly impact those enrolled in the Biden administration's SAVE plan,

Grad PLUS loans will be eliminated. Graduate students will still be able to borrow federal student loans, but will be capped at $20,500 annually, $100,000 total. Federal student loan borrowers will now have a lifetime limit, considering undergraduate and graduate education, of $257,500 in federal student loans.

Taxpayers will see a number of new credits and deductions when they file their taxes in 2026. Here's when other "big beautiful" bill provisions go into effect.

Significant student loan changes are coming for borrowers. This could alleviate uncertainty for some people, but it might make things more expensive for others. The "One Big, Beautiful Bill" that President Donald Trump signed into law on July 4 upends the student loan repayment system for borrowers who take out loans after July 1,

The proposed changes arrive based on concerns that federal funds have been used to support organizations the administration views as acting outside the law.

Millions of student loan borrowers face a financial shock this August as the SAVE plan ends and interest charges resume.