Trump administration’s cap on student loans have borrowers turning to private lenders
New limits on federal student loans filled Chloe Frabotta with anxiety as she began studying in New York City to become a physician assistant.The changes that took effect this fall include caps on loans for particular programs as well as limits on the amount parents can borrow to pay for their children’s schooling. Up until weeks before Frabotta, 25, started her program, it was up in the air whether it would count as a “professional” program with higher loan limits.Amid the unc...
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