Big changes to federal student loans are starting: Here’s what SC borrowers should know

Starting July 1, major changes to federal student loan programs will affect both new borrowers and those currently repaying loans. These significant updates were passed by Congress a year ago, giving lenders time to adapt. For South Carolina borrowers, understanding these changes is crucial as they could impact loan terms, interest rates, and repayment plans. This shift underscores the ongoing efforts to make higher education more accessible and manageable, highlighting the importance of staying informed about evolving financial aid policies.