One year after President Donald Trump signed his core domestic policy package into law, student loan borrowers are bracing for a major overhaul of the federal lending system that will begin this week.
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Many were already struggling when the Biden administration attempted to enact sweeping student debt relief in the wake of the Covid pandemic, but the proposal encountered Republican blowback. Now, under the Trump administration’s changes, borrowers will experience a range of effects with some seeing little difference in what they owe each month while many lower-income borrowers will be hit the hardest with increases, student advocacy…