Student loan borrowers scramble after learning some repayment plans are disappearing

Decision time is near for millions of federal student loan borrowers who will need to pick a new repayment plan starting July 1. Due to the Big Beautiful Bill Act passed in July 2025, repayment plans for student loans will look different, requiring borrowers to choose from just two options: a Repayment Assistance Plan and a Tiered Standard Plan. For those who do not choose in time, the government will make a decision for them. Among those affected are the roughly 7 million loan holders enr...