Parents who take out student loans for their kids are set to see repayment changes in the new year. Here's what to know.
Parents who take out student loans for their kids could see repayment changes in the new year.
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- The Education Department is rolling out changes to the Parent PLUS student-loan program.
- The changes include a $65,000 lifetime borrowing cap, or $20,000 per year.
- It could leave some parents without sufficient financing to pay for their kids' education.
Parents could see big student-loan changes in the new year.
Beginning July 1, 2026...