Experts say that student loan borrowers should proceed with caution when taking on more debt or consolidating after July 1, due to upcoming changes.

Experts say that student loan borrowers should proceed with caution when taking on more debt or consolidating after July 1, due to upcoming changes.

From new repayment plans to borrowing caps, millions of federal student-loan borrowers will start to see key changes beginning in July.

The changes will affect how much students and their parents can borrow, as well as their repayment options.