Federal Student Loans Just Changed | US News

Federal student loan rules just changed big time—starting July 1, a new repayment system called RAP is here, slashing payments for some and wiping unpaid interest. But it’s not all good news: borrowing caps are tighter, especially for grad students and parents, and millions on the old SAVE plan face a deadline to switch or risk worse terms. Advocates warn lower-income borrowers could end up paying more or taking longer to repay. If you’re taking out new loans after July 1, this is your new reality—existing borrowers have time, but legacy plans vanish by 2028. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/42d58ea04a6963be