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Student Loan Overhaul Takes Effect Today: What It Means for Your Wallet
Episode 2566
Published 1 month, 2 weeks ago
Description
Major changes to the federal student loan system are now in effect, requiring millions of borrowers to transition from the Biden-era SAVE repayment plan while imposing new borrowing limits for graduate students and Parent PLUS loans. Financial aid experts warn the changes could increase the risk of loan defaults.
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