POLITICSJul 7 · 10:27 UTCWXYZ ABC DETROITDemetrios Sanders

New student loan rules take effect, changing payments and borrowing limits

New student loan rules effective this month eliminate the Biden-era SAVE plan, introduce higher repayment rates, and set borrowing limits for master's and professional students. Support services in Wayne County and financial aid advisers are assisting borrowers in navigating the changes.

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Mentioned

Trump administrationorganizationBiden-era SAVE plantopicJamie JacobspersonMichigan College Access NetworkorganizationWayne CountyplaceSaviorganizationMike MakkipersonUniversity of Detroit MercyorganizationJessica Rouserperson$20,500 annual borrowing cap for master's studentstopic$50,000 annual borrowing cap for professional studentstopic

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