New federal student loan limits push borrowers to private lenders

• New limits on federal student loans are steering many borrowers toward private lenders.
• Students are turning to private lenders to cover the difference between the cost of their educational programs and the amount they can borrow from the federal government.
• The shift to private lenders is a direct response to the new federal loan limits.
• This trend is supported by multiple news outlets including ABC, KABC, and the Associated Press.
• The new federal loan limits have created a gap in funding that students are filling with private loans.