Episode Details

Starting July 1, massive student loan changes hit everyone—new and old borrowers alike. New loans face borrowing caps and the elimination of Grad PLUS, leaving only two repayment paths. Existing borrowers may be auto-enrolled into less favorable plans or need to consolidate. Parent PLUS borrowers see limits capped at $20K annually and $65K total, with one repayment option for new borrowers. SAVE plan users are urged to switch ASAP—payments may not count toward forgiveness. Graduate students lose access to Grad PLUS and face new $100K caps, except in professional fields. Existing Grad PLUS borrowers get a grace period if enrolled and disbursed before the deadline. Plus, sign up for auto-pay by September 30 to get a 1% interest rate cut through June 2028—small relief, big impact.

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