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Major Changes in Student Loans Could Significantly Impact Borrowers and Higher Education

Originally Published 3 months ago — by meigsindypress.com

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Source: meigsindypress.com

Millions of federal student loan borrowers face potential monthly payment increases of $400 or more due to the new OBBBA law, which phases out several income-driven repayment plans and introduces a new, often more costly, repayment option, impacting current, new, and Parent PLUS borrowers over the next few years.