News Summary

• Evolving guidance from the Education Department shut two students out of federal student loans.
• “It really feels like someone’s stabbing you,” one mom told Inside Higher Ed.
• This fall marks the first academic year since sweeping changes to federal student Loans took effect in July, including a limit on the previously uncapped Parent and Grad PLUS loans.
• But not all colleges see the department's clarification, delivered via a webinar, as binding, and even groups like the National Association of Student Financial Aid Administrators say they can't provide blanket advice.