While choosing a lender for private student loans, borrowers should consider the potential for future income-based repayment options and other features that can reduce the overall cost of the loan. The new lending landscape for student loans is particularly interesting this year, as the new limits for Parent PLUS Loans will significantly affect some parents aiming to finance their child’s education. Similarly, the new limits for Grad PLUS Loans will affect some graduate students. These changes will force many borrowers to seek out alternatives for financing their degree.