Here's What SAVE Borrowers Should Do Before Aug. 1
Digest more
By next summer, new borrowers will have just two repayment options, streamlining the previous menu to pay off higher-education debt. Here’s what to know.
In short, the bill will "roll back student loan protections and cap the amount students can borrow for graduate programs," said The New York Times, making repayment options and borrowing opportunities fewer. While the changes are projected to result in government savings, there are concerns that they could further reduce college affordability.
A group of prominent senators is pushing the Trump administration to abandon its decision to start charging interest for nearly 8 million student-loan borrowers.
Following the passage of President Trump's sweeping budget bill, here's some of the biggest changes to student loans.
Students logging into their student loan servicer accounts may not be able to see their progress in loan forgiveness payments after the Department of Education stalled payment counts.