Trump's sweeping student-loan repayment overhaul cleared its final hurdle
Government
It's official: millions of student-loan borrowers will face sweeping repayment changes this summer. On Thursday, President Donald Trump's Department of Education announced its final rule for its student-loan repayment overhaul, which includes new borrowing caps and repayment plans that will go into effect on July 1. Nicholas Kent, the department's undersecretary, told reporters on a press call that the final rule includes four key provisions: the elimination of the Grad PLUS program, new loan
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