"Federal Student Loan Reform Takes Shape: New Rule Sets Limits on Borrowing. In a significant move to address the growing burden of student loan debt, the Department of Education has finalized a rule that will impose annual and lifetime limits on federal student loans, starting July 1, 2026. The rule is a response to growing concerns over the increasing cost of higher education and the crippling debt that students are taking on to fund their studies. The American Institute of Certified Public Accountants (AICPA) had been advocating for language to be included in the rule to protect borrowers from excessive debt, but it remains unclear if their requests were met."
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 ...
