Maryland Smart Buy Program

Changes to Student Loan Repayment Could Have an Impact

For seniors graduating with student loans as well as college graduates with loans, there are many questions and concerns about federal changes to the student loan program. The Trump Administration’s “Big Beautiful Bill” contained a number of changes to loan repayments for student borrowers. The changes apply to who took out direct loans. In Maryland, there are 845,000 student borrowers (including those with private loans). The borrowers carry an average student loan debt of $44,500. Trump Administration Makes it Harder for Students to Get Ahead There are two repayment tracks for borrowers, one for new borrowers who take out loans ...

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