Students pursuing professional degrees will be able to borrow up to $200,000 in federal student loans beginning in 2026.

President Donald Trump's fiscal plan has called for many changes for student loan borrowers under the DOE. For one, undergraduate loans are capped, and the GRAD PLUS program has been eliminated. There’s also a new Repayment Assistance Plan, but only students pursuing a “professional” degree can borrow up to $50,000 per year.

KEY TAKEAWAYS The "One Big, Beautiful Bill" will restrict the amount of federal student loans available to college students next year. Students may have to take out riskier private loans to cover the rest of their schooling.

A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers off balance. The impending blast is heading for borrowers paying down their student debt through an income-driven repayment (IDR) plan and who seek debt forgiveness on or after Jan.

Under the newly revamped definition of “professional degree” programs, nursing and other key healthcare jobs have been excluded.

Last week, the average interest rate on 10-year fixed-rate private student loans moved up. Private Student Loan Interest Rates The average fixed interest rate on a 10-year private student loan was 7.59% from November 17 to November 22.

Paying off your loans early might save you money.

Students heading to dental school will probably need private loans. Here's what they should know before applying.

Chancellor Rachel Reeves said on Wednesday that the salary threshold at which graduates on “Plan 2” loan schemes begin to repay their student debt would remain frozen at £29,385 for three years from April 2027. Once students earn over this salary threshold, 9 per cent of their earnings are deducted to cover their student loans.