New limits on federal student loans are steering many borrowers toward private lenders

NEW YORK (AP) — New limits on federal student loans filled Chloe Frabotta with anxiety as she began studying in New York City to become a physician assistant. The changes that took effect this fall include caps on loans for particular programs as well as limits on the amount parents can borrow to pay for their children’s schooling. Up until weeks before Frabotta, 25, started her program, it was…

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