Paying for college has never been more confusing—or more expensive. In this special live episode of the Smart College Buyer podcast, recorded at FinCon 2025 in Portland, Jack Wang and Robert Farrington, founder of The College Investor, unpack the real drivers behind rising college costs and new student loan limits.

Room and board, resort-style amenities, chef-designed cafeteria meals, and campus upgrades now account for a massive share of total college costs.

In this episode, we discuss:

• Why undergraduate federal loan limits haven’t kept pace with tuition

• How “luxury dorms” and amenities inflate the real cost of attendance

• The difference between borrowing for education vs. lifestyle

• How college ROI should guide smarter decision-making

Recorded in a unique dual-format (live podcast + social video), this conversation breaks down student loans, Parent PLUS changes, graduate borrowing caps, FAFSA shifts, and college affordability—with a hard look at whether families are borrowing for education…or for luxury.

If you’re planning for college tuition, weighing financial aid options, or worried about student loan repayment, this episode delivers clarity where headlines often create fear.

Major Student Loan Changes Families Must Understand

New legislation—often referred to as the One Big Beautiful Bill—has reshaped borrowing rules in ways many families haven’t fully grasped.

Key topics covered include:

• Undergraduate borrowing limits (still far below actual college costs)

• Parent PLUS loan caps and what changes in 2026 mean for repayment

• Loss of access to income-driven repayment and PSLF for future Parent PLUS borrowers

• Graduate and professional school borrowing caps and the elimination of Grad PLUS loans

• Why private student loans come with far fewer protections

“A freshman can only borrow $5,500—and we all know college costs more than that.” — Robert Farrington

Smarter Spending Choices for College-Bound Families

Families who take time to understand student loan limits, repayment realities, and the real cost drivers behind tuition are far better positioned to avoid overwhelming debt.

(00:06:00) Parent PLUS Loan Changes 2026

(00:08:13) Graduate vs. Professional Loan Limits

(00:11:22) Rethinking Master's Degree Mandates

(00:14:18) Student Loan Tax Bomb Concerns

(00:17:46) Live Q&A Session Highlights

(00:20:23) College Costs vs. Luxury Spending

Here are three key lessons every family should keep in mind:

• Know your true borrowing limits before committing to a school

• Focus on value, not prestige—amenities aren’t worth lifelong debt

• Plan intentionally using financial aid, savings strategies, and realistic budgets

College planning isn’t about guessing or hoping for forgiveness later. It’s about strategy, clarity, and making informed choices early.

Follow Robert Farrington:

His website: www.robertfarrington.com

LinkedIn: https://www.linkedin.com/in/robertfarringtonmba/

His work on Forbes: https://www.forbes.com/sites/robertfarrington/

Connect with host, Jack Wang: https://www.linkedin.com/in/thejackwang/

*be sure to send a connection request with a message saying Hello!

Navigate college funding with me at www.smartcollegebuyer.com

The content of this podcast is for educational and informational purposes only and should not be considered financial, tax, or legal advice. Nothing in this podcast is a recommendation or solicitation to buy or sell any financial product or service. Every family’s financial situation is unique, so always consult with your own financial or tax professional before making any decisions. While we do our best to provide accurate and up-to-date information, we can’t guarantee its completeness or accuracy. Past performance is not indicative of future results. Your mileage may vary. No warranties, express or implied. Batteries still not included.