Trump's Loan Overhaul Limits Repayment Options
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The Trump administration's overhaul of the federal student loan system eliminates the affordable SAVE plan and significantly reduces repayment options. Borrowers, particularly those after July 1, 2026, will face limited choices, potentially leading to increased defaults. Consumer advocates express concern over the lack of affordable repayment plans under the new "big beautiful bill", leaving many with insufficient options. The Department of Education hasn't yet commented.
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