Department of Education: New Student Loan Restrictions Take Effect Within 2 Months

Department of Education: New Student Loan Restrictions Take Effect Within 2 Months

The Department of Education in Washington on April 28, 2025. Madalina Vasiliu/The Epoch Times

Loan limits and other “commonsense” measures for financing higher education and protecting families and taxpayers should be in place within two months, Education Undersecretary Nicholas Kent said Thursday.

The new regulations, which the department will publish on May 1, eliminate the Grad PLUS program, which allowed unlimited borrowing amounts for advanced degrees.

We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.

Original News Source Link – Epoch Times