The Education Department is launching two new tiered repayment plans for federal student loans this July. But they will be very different from other plans.

The Education Department sent out a new wave of notices to student loan borrowers last week, warning them that they need to change repayment plans.

The Education Department is launching two new tiered repayment plans for federal student loans this July. But they will be very different from other plans.

Starting July 1, millions of federal student loan holders will have two new ways to repay their debt. Here's what to know about the additional options.