On National College Decision Day, one high school senior and his mom talk college finances and how the new student loan caps factored into his decision.
Higher education is responding to the Trump administration’s new federal earnings test that determines whether college graduates are making more money than high school graduates.
These caps limit the amount of federal loans students can borrow, which could deter students from applying or force them to take out private loans, which have weaker consumer protections.
According to a new survey, nearly a third of colleges have dealt with delays in getting FAFSA information, which is key to providing students with answers about the cost of college attendance.