The Student Loan Shake-Up Is Here: What July 1, 2026 Means for Your Wallet If you have federal student loans, or you're about to take some out, you might want to sit down for this. On July 1, 2026, the entire federal student loan system is undergoing its biggest overhaul in decades. The way you borrow, the amount you can borrow, and the way you repay are all changing, effective immediately. Think of it like this: For years, federal student loans have been like a giant, messy toolbox with a dozen different wrenches, hammers, and gadgets. Some were great, some were confusing, and most were collecting dust. On July 1, that toolbox is being replaced. The government is swapping out all those tools for just two new ones, and shoving the old ones into a locked closet. The result? A simpler system. But simpler doesn't always mean cheaper . This guide is your instruction manual. We'll break down exactly what's changing, how it impacts you specifically (becaus...
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