Millions of Student Loan Borrowers on SAVE Plan Will Soon Need to Find a New Repayment Option

A major student loan overhaul takes effect July 1. Here's what borrowers need to know.

The changes will affect how much students and their parents can borrow, as well as their repayment options.

Millions of student loan borrowers on SAVE plan will soon need to find a new repayment option

More than 7 million borrowers will soon need to find a new repayment option for their federal student loans - though even the new plan they choose could disappear quickly.

Trump's major student-loan changes for millions of borrowers are a month away

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Five Big Changes Coming to Higher Education This Summer

Since the start of President Donald Trump’s second term, the White House and Congress have worked aggressively to overhaul federal student financial aid. On July 1, many of those efforts will come to fruition.  Student borrowers will begin to see different options for loan repayments and forgiveness, while current students will face new limits on how much they can borrow in the first place. Low-income people will have more funding available to p…

How Challengers Are Trying to Block ED’s New Loan Limits

The definition of what qualifies as a professional degree program is at the heart of the two complaints filed so far. One set of plaintiffs is urging the court to hold a hearing this month. Two lawsuits, filed, respectively, by a swath of Democratic state attorneys general and professional associations, will take center stage this summer as federal district courts weigh the legality of the Education Department’s plan to limit postbaccalaureate s…