Federal student loan changes take effect July 1, ending SAVE plan and raising payments for millions
By
Adriana Morga
Summary
Starting July 1, major changes to federal student loan programs will take effect as part of President Trump's "Big Beautiful Bill." The changes include the end of the Biden-era SAVE plan, termination of some payment plans, and new limits on graduate loans. These changes are expected to significantly raise monthly payments for millions of borrowers. Around 9 million Americans are currently in default on federal student loans, with hundreds of thousands more at risk of default.
Source
bskyFederal student loan changes take effect July 1, ending SAVE plan and raising payments for millionsapnews.comKey quotes
· 1 pulledThe main concern is the affordability of monthly payments. I think a lot of people are simply going to see their payment increase significantly and they're either going to
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