Limits on federal student loans to go into effect next year.

“It was always important for families to plan for the entire college career, as far as funding goes. Now it’s even more important that they do that,” said Betsy Mayotte at the nonprofit The Institute of Student Loan Advisors.

Anyone who’s already enrolled this fall is grandfathered in to the current rules for the next few years, meaning no limits on borrowing, said Mayotte.