New Federal Student Loan Limits Push Borrowers Towards Private Lenders

Significant changes to federal student loan programs, enacted under the One Big Beautiful Bill Act, are leading many borrowers to seek financing from private lenders. These changes, which include new loan limits and the elimination of Grad PLUS loans for new borrowers, are described as 'really disruptive' by financial aid officials. While students are finding ways to finance their education, there's a noticeable shift towards the private loan market.