Department of Education: New Student Loan Restrictions Take Effect Within 2 Months
By Aaron Gifford
Published on May 1, 2026.
The Department of Education is set to introduce new measures to help finance higher education and protect families and taxpayers. The regulations will eliminate the Grad PLUS program, which allowed unlimited borrowing for advanced degrees. The move comes as total college loans have increased by 345% since 2005, and tuition has risen faster than any other household expense in the last 40 years. The measures will be implemented within two months.
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