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What to know about federal student loan changes that took effect July 1

The Education Department says the changes will curb overborrowing and pressure universities to cut costs, while about 7.5 million SAVE borrowers face new notices.

Summary by WDRB News
Along with the end of the Biden-era SAVE plan, the changes are expected to raise the cost of payments for millions of borrowers.

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These Student Loans Are Now Cut Off From Affordable Payments And Loan Forgiveness

A major group of student loan borrowers is now officially cut off from affordable payments and loan forgiveness after big changes to student loans took effect on July 1.

·Jersey City, United States
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WDRB NewsWDRB News
Center

What to know about federal student loan changes that took effect July 1

Along with the end of the Biden-era SAVE plan, the changes are expected to raise the cost of payments for millions of borrowers.

·Louisville, United States
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WDRB News broke the news in Louisville, United States on Monday, July 13, 2026.
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