Dossier
$20,500 annual borrowing cap for master's students
Coverage of $20,500 annual borrowing cap for master's students in the Nexus archive.
- 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.