Upcoming Federal Revisions to Student Loan Programs

Effective July 1, 2026, federal student loan programs will undergo substantial modifications. These changes include the termination of the SAVE repayment plan, the introduction of new repayment options for future borrowers, and more stringent requirements for loan forgiveness. Additionally, new limits on borrowing for graduate and Parent PLUS loans will be implemented, while Pell Grants will expand to cover short-term workforce training. These revisions will significantly impact current and future student borrowers.