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Student loan borrowers face glitches and misinformation ahead of major July 1 changes, advocates say
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- July 1 is a significant date for tens of thousands of Americans who hold federal student loans.
- Department of Education's menu of repayment and relief options under the One Big Beautiful Bill Act take effect.
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July 1 is a significant date for tens of thousands of Americans who hold federal student loans.
That's when changes to the U.S. Department of Education's menu of repayment and relief options under the One Big Beautiful Bill Act take effect. It's also a key date the Trump administration has set for nearly 7 million student loan holders to begin exiting the defunct Biden-era repayment plan, known as SAVE, and to enroll in another plan.
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