Rule Finalized Reducing Access to Federal Student Loans
The Trump Administration has finalized its rule reducing counseling students’ access to federal student loans. Starting July 1, 2026, new borrowers for graduate programs will only be able to borrow $20,500 annually ($100,000 aggregate) in federal student loans.
ACA is deeply disappointed with this decision. We are concerned that students who cannot cover the cost of tuition with federal loans may be pushed towards expensive private lenders or discouraged from pursuing counseling altogether.