"More than 1.3 million Michiganders with student loan debt will be impacted by a major overhaul of federal student loans that takes effect starting July 1," The Detroit Free Press reports.

... "New federal borrowing limits cap the Parent PLUS Loan at $20,000 per year and $65,000 in total per student, according to a fact sheet from the National Association of Student Financial Aid Administrators, a nonprofit focused on information dissemination related to federal student aid programs."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 7/1/2026