Student loan overhaul takes effect
Key Questions
What changes are taking effect in federal student loan repayment?
Trump's overhaul began July 1 with new repayment plans and limits that raise monthly bills for many borrowers. Millions must select new plans or face automatic enrollment.
Which parts of the student loan changes were blocked by courts?
A judge blocked changes to the Public Service Loan Forgiveness program. The SAVE plan elimination is still expected to affect millions of borrowers.
What is the household financial impact of the student loan overhaul?
Borrowers face higher payments and stricter plan limits starting immediately. Ongoing litigation continues to create uncertainty for affected households.
Trump's student-loan repayment overhaul takes effect today: SAVE plan ends, borrowers must pick new plans or face automatic enrollment into standard plans with higher bills. Judge blocks PSLF changes but SAVE plan elimination will hit millions. Ongoing litigation and significant household financial impact.