Education

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

Total college loans have increased 345 percent since 2005, and tuition rose faster than any household expense in the last 40 years.
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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
Aaron Gifford
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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.

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Aaron Gifford
Aaron Gifford
Author
Aaron Gifford has written for several daily newspapers, magazines, and specialty publications and also served as a federal background investigator and Medicare fraud analyst. He graduated from the University at Buffalo and is based in Upstate New York.