Major Changes in Student Loans Could Significantly Impact Borrowers and Higher Education
TL;DR
Millions of federal student loan borrowers face potential monthly payment increases of $400 or more due to the new OBBBA law, which phases out several income-driven repayment plans and introduces a new, often more costly, repayment option, impacting current, new, and Parent PLUS borrowers over the next few years.
Topics:businesseducation#education#income-driven-plans#loan-forgiveness#obbba#payment-increase#student-loans
- ALERT: Student Loan Payments Could Jump $400 a Month – What You Need to Know meigsindypress.com
- Trump’s changes to Parent Plus student loans may limit college options The Washington Post
- Trump Is Slashing Grad School Loans. Private Firms Are Racing To Profit Forbes
- Student Loan Borrowers Will See Payments Surge Under Major Change—Analysis Newsweek
- What does the end of Grad PLUS loans mean for higher ed? Higher Ed Dive
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