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.

Starting August 1, interest will resume on federal student loans for millions of borrowers enrolled in the now-blocked SAVE repayment plan.

With new regulations being introduced and amended around federal student loans, the unpredictable changes may be doing more harm than good, according to the Ore

Average tuition has increased in recent years, with the average cost for in-state tuition and fees at a public four-year university during the 2024-2025 academic year rising to $11,610, according to the latest data from the College Board. When you include housing and food, the total cost of attendance is nearly $25,000.