Federal Student Loan Guidance Updated, Emphasizing Timely Payments

The U.S. Department of Education has updated its federal student loan guidance, emphasizing the necessity of "on-time" payments to access benefits under the One Big Beautiful Bill Act. Borrowers with loans disbursed after July 1, 2026, must use specific repayment plans. A key change eliminates the 15-day grace period for Public Service Loan Forgiveness, requiring all payments to be made by the due date to qualify. This impacts borrowers by tightening payment requirements for federal loan benefits and PSLF eligibility.