The U.S. Department of Education proposed new rules to reform federal student loans, including eliminating Grad PLUS and introducing new borrowing limits for graduate and professional students. The plan also simplifies repayment into two main plans and allows for a second loan rehabilitation opportunity. Public comment is open until March 2, 2026.
A new federal tax credit program is expanding school choice across America. Twenty-three states have joined this initiative, allowing individuals to donate to scholarship organizations and receive tax credits. These funds will support private school tuition and provide extra help for public school students. The program aims to offer more educational options for families nationwide.
Harvard College introduces a unified system for summer funding and program applications. This new approach, managed by the Summer Funding Opportunities Office, aims for fairness and clarity. Students now face three application rounds with set deadlines. While offering more predictability, the system requires strategic planning. Unclaimed funds can be reallocated, benefiting more students.