Big Changes To Student Loans Will Start Going Into Effect In 4 Weeks

ByAdam S. Minsky,

Senior Contributor.

The federal student loan system has already undergone significant changes during the last year. But additional major reforms are on the way, with the next wave of big changes set to begin impacting student loans in only a few weeks.

The tumult associated with the federal student loan system is due to a combination of factors. Multiple legal challenges and associated court rulings have blocked some programs (such as the SAVE plan), while allowing relief under other programs (such as student loan forgiveness under the IBR, ICR, and PAYE plans) to continue. In the meantime, the Education Department is moving forward to implement several student loan-related elements of the One Big, Beautiful Bill Act, or OBBBA, that congressional Republicans and President Donald Trump enacted last summer.

Here’s what borrowers should know about the major changes to student loan forgiveness and repayment plans that are on the horizon.