RecentNews.uk
Democratic gains in the US House and Senate will not immediately alter federal loan rules due to President Trump's veto power.
Grad PLUS loans were eliminated for new graduate students starting July 2026, forcing borrowers toward private lenders.
Strict caps limit professional student borrowing to $50,000 annually and $200,000 in aggregate federal loans.
The Repayment Assistance Plan (RAP) now serves as the primary income-driven repayment structure for new federal borrowers.
Congressional committees will focus on oversight and investigating administrative backlogs within the US Department of Education.
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