Corey Turner
👤 SpeakerAppearances Over Time
Podcast Appearances
Republicans have overhauled a lot, from repayment plans to how much Americans can borrow in the first place.
Earlier this month, the Trump administration unveiled a proposed agreement to shut down the Biden-era SAVE repayment plan.
Next year, the roughly 7 million borrowers in SAVE will likely have to move to a new plan.
Also, big changes passed in the One Big Beautiful Bill Act will kick in starting in July.
Those include borrowing limits for grad students and for new borrowers, replacing all of the old repayment plans with just two new ones.
Borrowers are clearly feeling uncertain, though latest data show that 12 million Americans are either late on their payments or in default.
Republicans have overhauled a lot, from repayment plans to how much Americans can borrow in the first place.
Earlier this month, the Trump administration unveiled a proposed agreement to shut down the Biden-era SAVE repayment plan.
Next year, the roughly seven million borrowers in SAVE will likely have to move to a new plan.
Also, big changes passed in the One Big Beautiful Bill Act will kick in starting in July.
Those include borrowing limits for grad students and for new borrowers, replacing all of the old repayment plans with just two new ones.
Borrowers are clearly feeling uncertain, though latest data show that 12 million Americans are either late on their payments or in default.
Republicans have overhauled a lot from repayment plans to how much Americans can borrow in the first place.
Earlier this month, the Trump administration unveiled a proposed agreement to shut down the Biden-era SAVE repayment plan.
Next year, the roughly 7 million borrowers in SAVE will likely have to move to a new plan.
Also, big changes passed in the One Big Beautiful Bill Act will kick in starting in July.
Those include borrowing limits for grad students and for new borrowers, replacing all of the old repayment plans with just two new ones.
Borrowers are clearly feeling uncertain, though latest data show that 12 million Americans are either late on their payments or in default.