A major student loan overhaul takes effect July 1. Here's what borrowers need to know.

Source CBS Local
Original Load Date June 1, 2026, 9 p.m.
Last Updated June 1, 2026, 9 p.m.
Original URL https://www.cbsnews.com/chicago/news/student-loan-changes-july-2026/

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Major changes are coming to the student loan landscape starting July 1 that will limit how much Americans can borrow and their repayment options. Those [ changes are a result ][28] of the One Big Beautiful Bill Act, which President Trump signed into law last year. The Education Department has [ fr...