New Student Loan Rule Could Raise Your Payments Overnight
Senate bill ends SAVE and PAYE. Borrowers may face higher student loan payments starting in 2026. Learn what changes could affect your monthly bill.
Robert Farrington is America’s Millennial Money Expert® and America’s Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him on the About Page or on his personal site RobertFarrington.com.
He regularly writes about investing, student loan debt, and general personal finance topics geared toward anyone wanting to earn more, get out of debt, and start building wealth for the future.
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Senate bill ends SAVE and PAYE. Borrowers may face higher student loan payments starting in 2026. Learn what changes could affect your monthly bill.

Congress officially passed the One Big Beautiful Bill, capping student loans, adding Trump Accounts, and changing student loan repayment plans.

BNPL loans will soon show up on credit reports, affecting FICO scores.

Parent PLUS loan borrowers face a July 2026 deadline to consolidate and enroll in income-driven repayment, or lose access to affordable payments and PSLF.

Children, adults, college students, and young adults all need a great savings account. Here are the best student savings accounts.

The Senate bill ends Grad PLUS and caps Parent PLUS loans starting in 2026. New loan limits may push families toward private lenders.

Annuities aren’t FDIC insured. Learn how state guaranty associations protect your money.

Senate bill makes RAP plan PSLF-eligible and removes PSLF access for future Parent PLUS loans. Existing payments will still count.

FAFSA will no longer include small business and farm assets starting in 2026, helping families qualify for more aid.

Senate bill caps student loans, ends Grad PLUS, and replaces IDR plans with RAP for new borrowers, while existing borrowers must switch plans by 2028.

Supreme Court limits nationwide injunctions, but SAVE Plan forbearance will continue.
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