Public Service Loan Forgiveness
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July 1 brings big student loan changes. Here's what you need to know
July 1 brings big student loan changes. Here's what you need to know On July 1, a host of new student loan changes from last year's One Big Beautiful Bill Act will kick in, including the end of a short-lived Biden-era repayment plan, the start of two Republican-designed repayment plans and strict new borrowing limits for some students. There's a lot to parse, and not every change will impact every borrower.
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...
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...