Student loan advisor warns of new borrowing limits

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The changes also affect future borrowing. Mayotte said Congress reduced the amount parents and graduate students can borrow through federal loan programs, potentially requiring families to plan further ahead when financing higher education.

She said the new limits mean families should consider the cost of an entire degree program rather than focusing on one academic year at a time.
“You need to plan for that whole degree program to make sure you don’t run out of federal funding,” Mayotte said.