Student Loan Changes You Need to Know | Texas News

Student loan borrowers are facing major shifts starting July 1st — if you’re on the SAVE Plan, you’ve got 90 days to switch or risk being moved to standard repayment. New options are emerging, including a Tiered Standard plan that adjusts repayment based on loan balance, and a Repayment Assistance Plan (RAP) that waives excess interest but extends payoff time. Existing options like Income-Based Repayment remain available, and the Dept. of Education’s calculator helps compare plans. Pell Grants are expanding to include workforce programs, though funding concerns linger. Graduate students also see new limits on PLUS loans — with a temporary injunction potentially opening doors for some professional programs. 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/59fcd0b62efacf88