460,000 student loan borrowers to be kicked off from repayment plan? Know the big changes from August 1

Under President Trump, the dismantling of the Education Department is causing turmoil for student loan borrowers. Nearly half a million applications for income-driven repayment plans face rejection, while interest charges are set to resume for millions, potentially adding $27 billion in costs over the next year. Moreover, the Trump administration is also planning to make big changes from August 1.