On July 1, sweeping changes to federal student loans will come into effect, significantly affecting borrowers across the United States. These new regulations, touted by officials as some of the biggest changes in financial aid history, include revised repayment plans and new borrowing limits. As millions of borrowers prepare for the transition, experts warn of potential costly mistakes and urge them to understand the implications of these changes. Additionally, the recent end of the SAVE plan leaves many looking for new options, while worries persist about how these changes will impact affordability and access to education for various fields. Financial aid administrators are grappling with these last-minute changes as they strive to assist students in navigating the new landscape.