Borrowers across the country, like Jackson, are facing significant changes in how they will have to pay for their college loans. Cristher Estrada-Perez, executive director of the Student Loan Fund of New Haven, said the changes would keep people in debt far longer than they needed to be. Jackson was a first-generation college student and he didn’t know anything about student loans. In his own analysis, Gillen found that half of the Graduate PLUS loan disbursements in 2023-24 went to 75 institutions. A first-generation college student whose father works as an electrician, DeAngelo was expected to attend college to become an engineer.