Marketplace All-in-One Big changes could be coming for student loan borrowers
Jun 24, 2025
Samantha Fields, a Marketplace reporter specializing in student loans, discusses potentially game-changing legislation affecting federal borrowing for college expenses. She outlines how proposed limits could force low-income families to resort to costly private loans, increasing their financial burden. Fields also examines the impact of these regulations on education accessibility and the future of public service employment, highlighting the risks of high debt levels and potential declines in college enrollment. Tune in for vital insights on a critical issue!
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Student Loan Caps Loom
- Proposed legislation aims to cut federal student loan access by capping borrowing limits for parents and students.
- This could increase monthly payments and push students towards pricier private loans with stricter credit checks.
Loan Limits Impact Careers
- Limits on student borrowing may reduce college enrollment and lead to shortages in essential public service roles.
- Occupations like primary care doctors and social workers could see fewer entrants due to loan caps.
Beware Private Loan Risks
- Students unable to secure enough federal aid might need to seek private loans, which are costly and require good credit.
- Understand that private loans lack income-driven repayment or forgiveness options found in federal loans.