Major Federal Student Loan Changes Set for July Implementation
Starting July 1, federal student loan borrowers will face significant changes including new repayment options under the Repayment Assistance Plan and stricter Public Service Loan Forgiveness criteria. About two-thirds of borrowers are unaware of these updates, which could impact consumer spending and economic stability.
Topics: debt collection federal student loans loan repayment plans public service loan forgiveness (PSLF)