Trump's sweeping student-loan repayment overhaul goes into effect in the new year. Here's what's changing.

President Donald Trump's student-loan repayment overhaul is set to take effect in July 2026.

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• A slew of student-loan repayment changes are coming this year.
• They include new repayment plans and borrowing caps for advanced degrees.
• The Education Department is also set to eliminate the SAVE plan for millions of borrowers.

The new year is bringing a host of new changes for millions of student-loan borrowers.

Beginning in July 2026...