The federal student loan autopay discount just jumped from 0.25% to 1% — but two traps can wipe out your savings. Here’s what to check before you enroll (and the July 1 sequencing trap if you’re switching to RAP).
Quick Answer: The 2025 College Cost Reduction Act proposes major restrictions to federal student aid, including eliminating Public Service Loan Forgiveness for new borrowers and capping forgiveness at $30,000 after 20 years. The changes also remove interest subsidies on undergraduate loans and reduce borrowing limits for graduate students.If you’re a student, parent, or borrower wondering …
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