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Federal Student Loan Changes Starting July 1 | Greenville News
Federal student loan rules are changing big time starting July 1—SAVE plan ends, new repayment plans roll in, and borrowing caps tighten. Borrowers face higher monthly payments under the new 10-30 year Repayment Assistance or Tiered Standard Plans. Parent PLUS loans now cap at $20K/year, lifetime limit $65K; Graduate PLUS is being phased out. All federal loans hit a lifetime cap of $257,500. But there’s a silver lining: autopay users get 1% interest rate reduction for years. Check the Federal Student Aid site to find your best fit before it’s too late. Listen in comfort:Get a discount on a…
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