"Borrowers face substantial changes to student loans beginning next month, including fewer repayment options under President Trump's tax-and-spending law and the final death blow for the dismantled SAVE plan," Axios reports.

... "New borrowers will be left with just those two repayment options."

"'This is quite a phased transition,' says Sarah Austin, a policy analyst at the National Association of Student Financial Aid Administrators."

"'Right now, we have like half a dozen different repayment plans. We now have these two new ones, but ... eventually we're going to get streamlined down to just the two,' she explains to Axios."

... "Austin tells Axios that if students' programs are more expensive than those limits, they may turn to private loans. But "private loans are riskier" and don't have as many federal protections, she says. Plus, not all students will qualify."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 6/29/2026