What to know ahead of the July 1 student loan shakeup
AI Summary
Starting next month, millions of student loan borrowers will navigate significant changes, including the elimination of the SAVE plan and fewer repayment options due to President Trump's tax-and-spending law. This shift means tighter borrowing caps and potentially higher monthly payments for some. Understanding these new terms is crucial as borrowers scramble to adjust to their new financial realities, with the July 1 deadline marking a pivotal moment in their loan management strategies.
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