Ohio Student Loans Face New Limits | Columbus News

Student loan debt in Ohio is now averaging $35,000, thanks to new federal limits rolled out a year ago. Graduate students now face borrowing caps—$50,000/year for professional degrees like law or medicine, capped at $200,000 lifetime; others get $20,500/year with a $100,000 cap. Parent PLUS loans are now limited to $20,000 per child. These changes could force some to delay school or turn to riskier private loans. Repayment options are now narrowed to a tiered plan or income-based plan, with the popular SAVE program being phased out—7 million borrowers must switch by September or face automatic standard repayment. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c320d7a97e22fa4e