Student Loan Changes July 1 | Durham News

Starting July 1st, major federal student loan changes hit millions—lower-income borrowers may face higher payments as repayment options shrink to just two. New caps also limit graduate student borrowing, including for law and medicine, and Parent PLUS loans now have lifetime limits. Officials say these moves curb excessive debt and push schools to control costs, while warning no broad forgiveness is coming. Borrowers are urged to use the new repayment calculator and switch to one of the two new plans before it’s too late. 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/428270e76a2dd8e5