Don't wait: What borrowers need to know about changing student loan plans

Starting July 1, significant changes to student loan plans will take effect, potentially impacting millions of borrowers. According to data provided by the Education Data Initiative, these individuals carried an average student debt of $33,770 in 2025. Borrowers are advised not to wait to understand how these specific modifications to their repayment plans will affect their financial obligations as the deadline approaches, ensuring they are prepared for the upcoming regulatory shifts in loan management.