Education Dept. Overhauls Student Loans, Caps Borrowing

Education Department unveils major student loan reforms, capping graduate and parent borrowing, simplifying repayment, and revising loan forgiveness eligibility. New Repayment Assistance Plan set to launch in 2026. Public Service Loan Forgiveness program updates exclude employers with substantial illegal purpose. Lawsuit filed against new PSLF criteria by cities and labor unions. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.