Three Dates That Will Reshape Federal Student Loans This Summer
TL;DR
Federal student loans are set for sweeping changes this summer: June 15 will bring discharge notices for the last group of Sweet v. McMahon Borrower Defense applicants; June 30 is the consolidation deadline for Parent PLUS loans to preserve IDR eligibility and forgiveness options; and July 1 introduces the RAP repayment plan, winds down the SAVE plan, and imposes new PSLF limits plus a Tiered Standard option, so borrowers should consolidate by June 30 if possible and get ready for tighter repayment and forgiveness rules going forward.
Topics:businessmoney#consolidation#federal-student-loans#loan-forgiveness#money#repayment-plans#student-loans
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- Wichita State prepares students for big changes coming to federal financial aid KSN-TV
- Federal student loan borrowing and repayment changes July 1 WWLP
- 8 things student loan borrowers should consider before July 1 Yahoo Finance
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