AXIOS (Avery Lotz) - What to know ahead of the July 1 student loan shakeup
Borrowers face substantial changes to student loans beginning next month, including fewer repayment options under President Trump's tax-and-spending law and the final death blow for the dismantled SAVE plan. Why it matters: Millions of borrowers must pick a new repayment plan, and some will face tighter borrowing caps and higher repayments. Here are some of the biggest July 1 changes: Sayonara, SAVE Plan: After years of legal limbo and paused repayments, SAVE Plan borrowers will now receive notices to enroll in a different repayment plan within 90 days. - If a borrower doesn't do so, they'll be automatically enrolled in the standard repayment plan . Those who have to switch repayment plans but don't expect to take out any new federal…