Federal Student Loan Overhaul Begins July 1
Starting July 1, the federal student loan system will undergo significant changes under the One Big Beautiful Bill Act passed in July 2025. These include new borrowing limits and narrower repayment options for borrowers. The SAVE plan has been terminated after a legal challenge, requiring over 7 million enrolled borrowers to select an alternative within 90 days.
Topics: federal student loans loan repayment plans policy changes