Student Loan Limits & Repayment Changes | San Antonio News

Student loan rules are undergoing major changes this week — new borrowing caps for grad and professional students, tighter limits on parent PLUS loans, fewer repayment options, and higher monthly payments for millions. Graduate students now cap out at $20,500/year ($100K total), while law and med students get $50K/year ($200K total) — but existing students are exempt for three years. Parent PLUS loans are now capped at $20K/year per child ($65K lifetime max), sparking debate over affordability and tuition pressure. New borrowers face just two repayment plans — the Tiered Standard or the income-adjusted Repayment Assistance Plan — with cancellation delayed to 30 years. Seven million SAVE Plan borrowers must switch within 90 days, risking higher payments amid economic uncertainty. To incentivize on-time payments, autopay now offers a 1% interest rate discount — a big jump from the previous 0.25%. Support the show:Get a discount at https://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/df57db7f6128b844