US EditionStudent Loan Borrowers Face Major Changes to Repayment Options, Loan Limits This Year
Federal loan caps and elimination of key programs threaten nursing and healthcare education, affecting 80% of Connecticut's healthcare workforce, state leaders warn.
- On March 11, 2025, Connecticut leaders warned federal rulemakers eliminated the Graduate PLUS Student Loan Program, removed tax-free public student loan forgiveness, and capped professional degree students' borrowing at $50,000 yearly.
- State officials said once federal loan eligibility ends, students must turn to private loan lenders, but nursing and graduate-prepared healthcare professions face exclusion from professional loan categories.
- Almost 7 million borrowers are in default, and the U.S. Department of Education plans wage garnishment notices for at least 1,000 starting this month under new repayment rules.
- Advocates warned changes to federal student loan programs threaten graduate-prepared healthcare professions that make up about 80% of Connecticut's healthcare workforce, endangering care access and nurse retention.
- State lawmakers backed using the Connecticut Higher Education Supplemental Loan Authority 's bonding authority to aid students and create alternatives to lost federal options, arguing action protects students from costly private loans and supports a skilled workforce.
18 Articles
18 Articles
Editorial: Student loan changes put college costs in crosshairs
Changes are coming to student loan borrowing and repayments this summer. For those who wanted Joe Biden’s debt forgiveness gravy train to keep on rolling, it will be a sharp shock. For others who worked hard to repay what they borrowed, it’s a return to consequences. As The Hill reported, one of the biggest changes will be a new income-driven repayment plan that eventually will be the only such option for borrowers. Currently, borrowers have the…
Student loan borrowers face major changes to repayment options, loan limits this year
Student loan borrowers are about to see some of the practical changes the Trump administration is making to the system that will affect their borrowing capabilities and monthly repayments after a year of heated policy discussions.
CT Advocates, Legislators Call For State Action Following Changes To Federal Student Loan Programs
Beginning in July, students in programs designated as professional degrees will be capped at $50,000 per year, up to a total of $200,000. Students in other graduate programs will have annual limits of $20,500 and a total of $100,000.
2026 student loan changes for metro Detroit parents
Big changes are coming to student loans in 2026, and they could shape how much your child can borrow for college and beyond. A new federal law, the One Big Beautiful Bill Act, sets new limits on student debt and changes how graduate school is financed. If your teen is applying to college now, or you are planning ahead financially, here’s what you need to know to make smart decisions as a family. Q: Will student loan changes in 2026 affect my ch…
CT Advocates, Legislators Call for State Action Following Changes to Federal Student Loan Programs - We-Ha
State Sen. Derek Slap, D-West Hartford, said Connecticut has worked to make higher education more affordable and accessible, and the federal government is doing just the opposite. By Donald Eng, CTNewsJunkie.com Changes to federal student loan programs are endangering the pipeline Connecticut relies on to educate and retain nurses, according to the president of the state’s [...] The post CT Advocates, Legislators Call for State Action Following …
Morning Business Report: Student loan collections restart as Dow hits record high 41NBC News
(LILAMAX)- A wave of financial and economic developments is shaping the outlook for borrowers, investors, and consumers as markets continue to climb to record territory. The U.S. Department of Education has restarted collections on federal student loan borrowers who are in default, affecting an estimated 5.3 million people nationwide. Under the renewed process, the federal government can order wage garnishment without court approval. Borrowers w…
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