Starting July 1, 2026, the federal government is eliminating Grad PLUS loans and capping graduate student borrowing. New limits: $20,500/year for graduate students, $50,000 for professional degrees.
Quick Answer: The Department of Education appears to sugarcoat student loans by using “financial aid” terminology without clearly stating these are loans requiring repayment. While the DOE awards over $120 billion annually in grants and loans to 13+ million students, marketing materials emphasize “maximizing financial aid” rather than transparently discussing borrowing obligations.I’d love to take …
Quick Answer: Before borrowing for education, students should only take what they actually need rather than the maximum allowed amount, as financial aid packages show borrowing limits rather than recommendations. Minimizing debt reduces long-term costs, though students must carefully estimate expenses to avoid forcing lifestyle financing through higher-interest credit cards.At some point in your decision …
Quick Answer: Financial aid scam tips from jail are not legitimate advice and federal student loan fraud carries serious consequences. Michelle Owens was sentenced to 51 months in prison and ordered to pay $128,852 in restitution for submitting fraudulent applications to Webster University and the Department of Education.Student Loan Fraud Is StupidA former inmate at …
Quick Answer: FAFSA student loan scams are not legitimate and charge $50+ for free information available through official channels. Tennessee officials warn against official-looking letters with government seals that request payment for financial aid applications, as the FAFSA form and assistance are completely free through schools or www.fafsa.ed.gov. This just out of Tennessee: The state …
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