From WNYC, I'm Brian Lair. This is my daily politics podcast. It's Monday, June 15th.

Well, there are big changes coming next month to student loans for new borrowers, people with current student loans,

undergraduate and graduate student borrowers, included and parents and caregivers borrowing money

to help their dependent children. These changes were part of last year's HR1, known to its supporters

as the One Big Beautiful Bill Act. There were also lawsuits over some of the

changes and claims that one consequence could be ending up with a health care provider shortage

to walk us through these changes to programs, and even their acronyms were joined by NPR

education correspondent Corey Turner, who put together a handy guide to this at NPR.org.

Corey, thanks for some time for the WNIC audience.

Yeah, welcome.

So you've broken your guide into categories, so let's go through some of them.

What are the options for people who have taken loans and won't be taking more because they've graduated or finished

their education. What's changing?

Yeah, I mean, the good news, bad news for current borrowers is that they're going to get to

keep most of the current repayment options. So they actually have a lot of choices, a lot of plans to

choose from, including several plans where your monthly payment is based on your income,

which means the less you make, the lower your monthly payment. Current borrowers will also be able to choose if they want a new plan that was designed and

created by Republicans as part of, as you mentioned, the One Big Beautiful Bill Act last year.

It's called the repayment assistance plan.

So lots of options for current borrowers, Brian.

One big category, I understand that some 7 million borrowers need to take action

because they're enrolled in the repayment program offered under President Biden called Save.

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