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Trump Bill Alters SAVE Loans, Scam Complaints Surge

7/23/2026

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Story summary
  • President Donald Trump’s “One Big Beautiful Bill Act” took effect on July 1, cutting income-driven repayment options and starting a 90-day clock for SAVE-plan borrowers, after which they shift to the standard plan unless they switch.
  • Jason Williams of the Education Department’s Inspector General warns student-loan scam hotline complaints have spiked this year.
  • Carolina Rodriguez urges victims to report scams to their servicer, bank, state attorney general or the FTC.