End of Biden-era SAVE plan among federal student loan changes coming July 1

A Biden-era student loan plan is going away: What you need to know

Participants in the Saving for a Valuable Education, or SAVE, plan will have 90 days to find a new plan starting Wednesday.

End of Biden-era SAVE plan among federal student loan changes coming July 1

Major changes to federal student loans take effect July 1 under the One Big Beautiful Bill Act, eliminating certain loan programs and limiting new borrowers to two repayment plans.The Saving on a Valuable Education plan, known as SAVE, ends July 1. More than 7 million borrowers are still enrolled in the Biden-era repayment plan.Ashley Spalding from the Kentucky Center for Economic Policy said the change leaves borrowers with fewer choices."Folks…

Private student lenders face challenge as SAVE plan delayed and loan caps near

SLM Corp (NASDAQ:SLM) says federal student loan changes could add $4.5B–$5B in annual originations, about one-third of today’s private-education-loan market, but new data show at least one in 10 postbaccalaureate students may face both a funding gap and weak or no credit; SLM stock rose 3.6% near the dateline time.