schools
New student loan rules take effect, changing payments and borrowing limits
By Demetrios Sanders at WXYZ Channel 7 (ABC Detroit) - News
· July 7, 2026
· 3 min read
New rules involving student loans took effect this month, changing borrowers' monthly payments and how much students can borrow in the future. Watch Demetrios Sanders' report below New student loan rules take effect, changing payments and borrowing limitsThe sweeping changes are part of President...
Key takeaway "These are the largest changes we have ever seen to the student loan program," Jamie Jacobs, deputy director of Michigan College Access Network, said.
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Original reporting by WXYZ Channel 7 (ABC Detroit) - News . The Detroit 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 .
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Category: schools ·
Published: July 7, 2026 ·
Source: WXYZ Channel 7 (ABC Detroit) - News ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? New rules involving student loans took effect this month, changing borrowers' monthly payments and how much students can borrow in the future. Watch Demetrios Sanders' report below New student loan rules take effect, changing payments and borrowing limitsThe sweeping changes are part of President...
When was this published? This article was first published on July 7, 2026 by WXYZ Channel 7 (ABC Detroit) - News and curated for The Detroit readers.
Who reported this story? This story was reported by Demetrios Sanders at WXYZ Channel 7 (ABC Detroit) - News. To learn more about how The Detroit selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more schools coverage from The Detroit, or browse our daily briefing and topic hubs .
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