U.S. Education Department Updates Student Loan Program Guidance

The U.S. Education Department has issued updated online guidance for federal student loan borrowers, detailing significant upcoming changes. These updates clarify new policies regarding loan disbursement, repayment, and forgiveness programs, including the phasing out of the SAVE plan and new borrowing limits. These modifications are set to take effect on July 1, 2026, impacting various aspects of student loan management.