schools
Major federal student loan changes take effect July 1. Here’s what borrowers need to know
By Ninfa Saavedra, Brittany Jeffers at KPRC 2 / Click2Houston (NBC)
· June 30, 2026
· 2 min read
Millions of current and future student loan borrowers will see major changes beginning July 1 as a sweeping overhaul of the federal student loan system takes effect.The changes, included in the One Big Beautiful Bill Act, impact repayment plans, borrowing limits and loan forgiveness programs. Whi...
Key takeaway Starting July 1, new Parent PLUS loans will be capped at $20,000 per dependent undergraduate student per year, with a lifetime borrowing limit of $65,000 per student.
Why this matters in Tomball News
The new federal student loan changes set to take effect July 1 will likely have a significant impact on families in Tomball who are planning to pay for college in the coming years. The cap on Parent PLUS loans, in particular, may force some families to explore private student loans, which could put them at a disadvantage due to fewer borrower protections. This could be especially concerning for families in the Tomball area who may already be struggling to make ends meet. With Houston residents carrying nearly $45,000 in debt on average, it's crucial for local borrowers to understand the new repayment options and their potential long-term costs. The Repayment Assistance Plan, which will become the only income-driven repayment plan available for new federal student loan borrowers, may offer some relief, but it's essential for borrowers to carefully review their options and seek guidance if needed to make informed decisions about their financial futures.
About this story
Original reporting by KPRC 2 / Click2Houston (NBC) . Tomball 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 KPRC 2 / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: schools ·
Published: June 30, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? Millions of current and future student loan borrowers will see major changes beginning July 1 as a sweeping overhaul of the federal student loan system takes effect.The changes, included in the One Big Beautiful Bill Act, impact repayment plans, borrowing limits and loan forgiveness programs. Whi...
When was this published? This article was first published on June 30, 2026 by KPRC 2 / Click2Houston (NBC) and curated for Tomball News readers.
Who reported this story? This story was reported by Ninfa Saavedra, Brittany Jeffers at KPRC 2 / Click2Houston (NBC). To learn more about how Tomball News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more schools coverage from Tomball News, or browse our daily briefing and topic hubs .
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