Federal Student Loans: Urgent Changes This Summer
Indianapolis News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Big changes are coming to federal student loans this summer. The Trump administration is introducing new rules that could significantly impact borrowers. Defaulted loans will be managed by the Treasury, Parent Plus loans will be excluded from income-driven repayment plans, and SAVE plan users will be automatically enrolled in the standard plan unless they switch. Borrowers are urged to act quickly to avoid harsh penalties and lost forgiveness progress. Consolidate loans and switch plans before deadlines to stay ahead of the game.
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