President Trump’s new tax and spending law brings sweeping changes to the federal student loan system, affecting both current and future borrowers.
Nearly half-a-million borrowers could see their payments spike after the Department of Education scrapped most existing repayment plans.
The law also imposes new lifetime borrowing caps, $100,000 for graduate students, $200,000 for those pursuing professional degrees like law or medicine and $65,000 per child for parent borrowers.
Read more at PBS.
