Student loan changes coming in July: What borrowers need to know
Starting July 1, major shifts in student loan repayment rules will take effect due to changes enacted under President Trump’s One Big Beautiful Bill Act. This marks the end of the Biden administration’s SAVE plan, which had provided more flexible repayment options. Borrowers need to adjust to these new terms, which could significantly alter their monthly payments and overall repayment timelines. The changes underscore the evolving landscape of student loan policies and their impact on millions of borrowers' financial futures.
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