"Borrowing Limits: New Federal Student Loan Rules Set to Take Effect The US Department of Education has finalized a long-awaited rule that will impose strict borrowing limits on federal student loans, starting July 1, 2026. The new regulations, which have been met with both relief and criticism, aim to curb the growing burden of student debt for millions of Americans. The American Institute of Certified Public Accountants (AICPA) had pushed for specific language in the rule, but the final version has yet to be revealed. As the country grapples with the issue of rising student loan debt, this move is expected to have a significant impact on the lives of students, families, and the economy as a whole."
The final rule, effective July 1, 2026, sets annual and lifetime limits on federal student loans. The AICPA had urged the Department of Education to include language in the final rule that its ...
