July 1st is when FAFSA will blow up

If you're planning to attend graduate school, or you're already enrolled, major changes to federal student loans are about to impact how much money you can borrow and how you'll pay for your education.

Beginning July 1, new federal student aid rules take effect, reducing borrowing limits for many graduate students and eliminating several options that students have relied on for years.

In this video, I break down:

• What changes on July 1
• The difference between the old and new loan rules
• How much money graduate students could borrow before
• How much they can borrow now
• Whether current students are grandfathered under existing rules
• What happens to Grad PLUS Loans
• How professional programs may be affected
• The financial impact in real dollars
• What students and families should do next

As a former university vice president with nearly three decades in higher education, I'll walk you through what these changes mean and how to prepare before making enrollment decisions.

If you're considering a master's degree, doctorate, law school, counseling program, MBA, medical school, or another graduate degree, this information affects you.

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What questions do you have about graduate school financing? Leave them in the comments below.

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