At the Federal Student Aid Conference, it was announced that starting July 1, 2013, new student loan borrowers eligible for subsidized loans will now be restricted to subsidized loans by degree. In essence, an associate degree will receive a certain amount of subsidized loan, a bachelors would receive another higher limit minus the associate degree amounts borrowed if you received an associate degree previously.
The lifetime limits for student loans will remain the same at this time. However, the federal government will begin to restrict how much subsidy they will cover while students are in school.
Stay tuned for more information as this new regulation is rolled out over the next 6 months.