schools
New student loan rules take effect July 1. Here's what borrowers should know.
By Mary Cunningham at CBS Texas (KTVT) DFW
· June 30, 2026
· 7 min read
Major changes to federal student loan rules take effect on Wednesday, July 1, that will limit how much Americans can borrow and their repayment options.The overhaul, made under the 2025 "One Big Beautiful Bill Act," will affect millions of people who take out loans to finance their education."The...
Key takeaway The overhaul, made under the 2025 "One Big Beautiful Bill Act," will affect millions of people who take out loans to finance their education.
Why this matters in Southlake News
For students and families in Southlake , the new federal student loan rules taking effect on July 1 will likely have a significant impact on their financial planning for higher education. With stricter limits on borrowing, including a $20,000 cap on Parent PLUS loans, local families may need to reassess their options for financing undergraduate education. This could lead to increased interest in local scholarships, grants, and other forms of financial aid. Southlake's school district and financial aid offices may see an uptick in requests for guidance on navigating the new repayment options and loan limits. As borrowers in the area, including those enrolled in the SAVE plan, transition to new repayment options, they will need to stay informed about the changes and seek assistance from loan servicers and financial aid experts to ensure a smooth transition and make the most of the new rules.
About this story
Original reporting by CBS Texas (KTVT) DFW . Southlake News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit CBS Texas (KTVT) DFW . Have a tip or correction? Contact our newsroom .
Category: schools ·
Published: June 30, 2026 ·
Source: CBS Texas (KTVT) DFW ·
Reading time: 7 min
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Frequently asked about this story
What is this story about? Major changes to federal student loan rules take effect on Wednesday, July 1, that will limit how much Americans can borrow and their repayment options.The overhaul, made under the 2025 "One Big Beautiful Bill Act," will affect millions of people who take out loans to finance their education."The...
When was this published? This article was first published on June 30, 2026 by CBS Texas (KTVT) DFW and curated for Southlake News readers.
Who reported this story? This story was reported by Mary Cunningham at CBS Texas (KTVT) DFW. To learn more about how Southlake News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more schools coverage from Southlake News, or browse our daily briefing and topic hubs .
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