What to Know About Repaying Student Loans, as Delinquency in California Skyrockets
The law also introduces borrowing caps for graduate and professional degree students ($20,500 annually, $100,000 lifetime) and parents taking out loans to assist with a child’s education ($20,000 per year, $65,000 per child). Student loan experts worry these caps will push more borrowers toward private lenders, which charge higher interest rates, offer less favorable terms…

