Federal student loan changes go into effect July 1. Here are 4 questions borrowers need to ask now.

MoneyWatch: Managing Your Money Federal student loan changes go into effect July 1. Here are 4 questions borrowers need to ask now. We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing roles at The Simple Dollar, Interest, HousingWire and other financial publications. Read Full Bio Angelica Leicht June 5, 2026 / 10:54 AM EDT / CBS News Add CBS News on Google The upcoming student loan changes could impact your finances, so make sure to ask the right questions now. designer491/Getty Images Federal student loan borrowers have spent the last few years adapting to a series of major changes, from the end of pandemic-era payment pauses to the start of new repayment programs and shifting forgiveness rules. But now that many borrowers are starting to settle into their new repayment routines, another round of federal student loan changes is set to arrive. And, those changes, which are slated to go into effect on July 1, could potentially alter the options available to millions of student loan borrowers.The upcoming changes won't necessarily require immediate action from every borrower with student loans. However, they could impact everything from which student loan repayment plans are available to which borrowers qualify for certain loan programs moving forward. The student loan decisions you make now can have long-term financial consequences, though, so waiting until after the rules take effect may leave some borrowers with fewer opportunities to adjust their strategies.In turn, this is an important time to take stock of where you stand. W...