Posts Tagged ‘Big Beautiful Bill’
Student Loan Borrowing Limit Changes from the new budget bill
The new budget bill has overhauled ways students and parents borrow for college. Here is a summary of the many student loan borrowing limit changes. New student loan borrowing limits for federal loans go into effect July 1, 2026. Note that the student loan changes below only apply to federal loans from the government,…
Read MoreNew budget bill expands 529 Plans
The new budget bill expanded the uses of 529 Plans. This continues the policy trend of making them easier and more attractive to use. 529 Plans are investment accounts funded by after-tax dollars where the earnings grow tax-free and withdrawals for qualified education expenses are also tax-free. Withdrawals for non-qualified expenses are taxed as…
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