A major change to the federal student loan system has been put into place, affecting almost 43 million borrowers in the United States. Thanks to Trump’s Big Beautiful Bill, there are new changes that include stricter borrowing limits and far fewer repayment choices.
One of the biggest and most immediate changes for current borrowers is the end of the Biden-era Saving on a Valuable Education (SAVE) plan. According to NPR, this plan, which was popular for its low monthly payments and faster loan forgiveness, has been tied up in legal battles, leaving it in uncertainty.
