Federal student loan changes cause delays, recalculations and uncertainty for students and universities (opens original article in a new tab)

Federal student loan changes have caused delays, recalculations, and uncertainty for students and universities, with financial aid officials struggling to implement new rules and provide clear information.

• Federal loan changes took effect on July 1, but rules were issued weeks ago, causing delays in financial aid awards.
• New loan limits, disbursement rules, and borrowing caps have led to unclear financial aid information for students.
• Universities are facing challenges in interpreting regulations and advising students on loan options and eligibility.