The countdown to July 1 has many student loan borrowers checking account balances, reviewing repayment plans, and wondering what comes next. A major overhaul of the federal student loan repayment system will soon change how borrowers manage their debt, and families with college students should pay close attention. The changes affect current borrowers, future students, and parents who may help finance higher education.
Some families may face higher monthly payments. Others may lose access to repayment programs they expected to use for years. The good news is that a little preparation now could prevent unpleasant surprises later. Here are five student loan payment changes that deserve a careful review before July 1.
