Summary
President Trump's new law changes the federal student loan system significantly. Many borrowers may have higher payments because the Department of Education removed most current repayment plans.
Key Facts
- The law changes both federal tax and spending policies.
- It impacts the federal student loan system.
- Changes affect both current and future student loan borrowers.
- About half a million borrowers might see increased loan payments.
- The Department of Education has eliminated most of the existing repayment plans.
- Geoff Bennett discussed these changes with NPR's education correspondent Cory Turner.
