End of Biden-era SAVE plan among federal student loan changes coming July 1

End of Biden-era SAVE plan among federal student loan changes coming July 1

Major changes to federal student loans take effect July 1 under the One Big Beautiful Bill Act, eliminating certain loan programs and limiting new borrowers to two repayment plans.The Saving on a Valuable Education plan, known as SAVE, ends July 1. More than 7 million borrowers are still enrolled in the Biden-era repayment plan.Ashley Spalding from the Kentucky Center for Economic Policy said the change leaves borrowers with fewer choices."Folks…