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July to start with most student loan changes in decades. What to know
Key takeaways
- July to start with most student loan changes in decades.
- New borrowers will face loan caps, elimination of Grad PLUS loans, and only two repayment options.
- With so many changes in store, below is a list of some key changes borrowers should be aware of.
July to start with most student loan changes in decades. What to know Medora Lee, USA TODAY Tue, June 30, 2026 at 4:02 PM GMT+7 5 min read July 1 is less than 24-hours away and will bring the most sweeping overhaul in decades of federal student loans.
All borrowers, old and new, may be affected. New borrowers will face loan caps, elimination of Grad PLUS loans, and only two repayment options. Old borrowers may need to consolidate loans, choose new repayment plans or risk being involuntarily placed in one that may not fit their budget, loan experts said.
With so many changes in store, below is a list of some key changes borrowers should be aware of.
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