Dossier
student-loan overhaul
Coverage of student-loan overhaul in the Nexus archive.
- He works 3 jobs and may have to drain his retirement to afford a $600 student-loan payment surge
Luke Helton, a 33-year-old working three jobs, faces a $600 monthly student-loan payment increase under a Trump-era repayment overhaul. He borrowed $80,000 for undergrad and $119,000 for law school, with an additional $103,000 in loans from his stepdad. He may drain his retirement savings or file for bankruptcy to cover the payments.
- Trump's student-loan overhaul takes effect July 1 — but it's not the deadline for borrowers to act on repayment changes
President Donald Trump's student-loan repayment overhaul takes effect July 1, with 7 million SAVE borrowers given 90 days to switch to a new plan. The changes include new repayment plans and borrowing caps, though ongoing litigation could block some adjustments, such as a narrower definition of professional degrees.