What to know ahead of the July 1 student loan shakeup

Starting July 1, student loan borrowers face significant changes under President Trump's tax-and-spending law, including the end of the SAVE Plan. Millions must select new repayment options within 90 days or face automatic enrollment in the standard plan, potentially leading to higher repayments and tighter borrowing caps. Separately, a heat dome is projected to bring extremely high temperatures to various parts of the United States leading up to the Fourth of July holiday celebrations.