What the new student loan rules mean for current and future borrowers
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.
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