Starting next summer, graduate borrowers can only take out direct loans that have a lower borrowing cap. These are the new limits for graduate school borrowing: For graduate students: up to $20,500 per year; $100,000 total. For professional and medical students: up to $50,000 per year; $200,000 total.

In the United States, approximately 2 million borrowers enrolled in the Income-Based Repayment (IBR) plan face uncertainty due to a suspension of loan forgiveness.