Changes to student loans are taking effect July 1. Here’s what to know.

Major changes to student loan repayment and borrowing options take effect on July 1. These updates introduce new limits and plans that borrowers must navigate, including critical deadlines. Notably, the end of the Biden-era SAVE plan is expected to increase payment costs for millions of borrowers. Borrowers are advised to review the new regulations and deadlines to understand how these shifts in repayment structures will impact their financial obligations and overall borrowing options moving forward.