Changes are coming to student loans. How might it affect you?
Consider This from NPR
NPR
4.2 • 6.2K Ratings
🗓️ 10 June 2026
⏱️ 10 minutes
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Summary
If you're one of them - or planning to be - some major changes are coming beginning July 1, including new loan limits and an overhaul of repayment plans.
How might these changes affect you? NPR education correspondent Cory Turner spells out the changes that are coming and what to expect.
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Transcript
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| 0:00.0 | It's considered this where every day we go deep on one big news story. Today, the end of an era for student loans. On July 1st, big changes are coming for more than 43 million student borrowers in the U.S. as part of the Republicans' One Big Beautiful Bill Act. |
| 0:18.5 | I was paying under the SAVE program before, and it was affordable |
| 0:22.6 | enough for me to handle. That's a listener who called into the NPR program 1A last year. |
| 0:28.3 | At this point, I don't know how much they're going to ask, and I don't know how they're |
| 0:32.8 | calculating that, and that's a really scary thing. In a matter of weeks, President Biden's save repayment plan will end. |
| 0:41.0 | There will also be changes to student loan forgiveness and new limits on the amount of money the |
| 0:46.6 | federal government will lend. |
| 0:48.0 | We've got to get out of it. |
| 0:49.2 | We tried to do it in the big, beautiful bill. |
| 0:51.3 | I was able to get half of the student loans cut for master's degrees. |
| 0:56.5 | I couldn't get any more than that cut. |
| 0:58.4 | Republican Senator Tommy Tuberville of Alabama speaking to Fox Business in April. |
| 1:03.7 | It'll save us millions of dollars, but we could cut it all out. |
| 1:07.3 | All of it out at one time and say, go back to your bank. |
| 1:10.4 | If you want a student loan, go back to your bank. |
| 1:12.6 | Consider this. |
| 1:13.8 | Major changes are coming to student loans. |
| 1:16.2 | How will they affect borrowers across the U.S.? |
| 1:19.5 | From NPR, I'm Mary Louise Kelly. |
| 1:37.1 | It's consider this from NPR. |
| 1:42.0 | About 43 million Americans hold federal student loans. |
| 1:45.0 | If you were one of them or planning to be one of them, |
... |
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