Landon Warmund
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One Big Beautiful Bill Act rollout starts; new student loan rules take effect July 1
Starting July 1, federal stundent loan borrowers will have to face sweeping new rules as US President Donald Trump’s One Big Beautiful Bill Act (OBBBA) begins its rollout. According to a report by CNBC, financial planners warn that the legislation could sharply limit repyamnet and forgiveness pathways for those looking to take new loans, amking borrowing decisions far more consequential. “Be very careful when it comes to taking out new student loans,” said Landon Warmund, a certified...
Student loan borrowing is 'high stakes' as new rules take effect on July 1, CFP says. What to know
Student loan borrowers who take certain steps will soon face fewer repayment and debt forgiveness pathways, due to President Donald Trump's One Big Beautiful Bill Act. "Be very careful when it comes to taking out new student loans," said Landon Warmund, a certified financial planner and certified student loan professional at Reliant Financial Services in Kansas City, Missouri. That's because those who borrow federal student loans after July 1 will go from a "legacy borrower" to a "new...