Higher undergraduate and graduate loan limits implemented in the early 1990s and 2007, the elimination of limits on PLUS loans in 1993, watering down of accountability rules, like the change to the «85/15» rule in 1998, expansions of loan eligibility to online programs (including online graduate programs) in 2006, and
overall rising costs have allowed many more borrowers to accumulate not -
before - seen
levels of
debt, and many will never be able to repay it.