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Proposed Rule Implements Changes to Student Loans from the OBBB
The Department of Justice issued a notice of proposed rulemaking at the end of last month to implement changes passed in H.R. 1, the One Big Beautiful Bill. The Department is proposing rules to establish a $200,000 lifetime borrowing cap for dental programs.
The rule also proposes to phase out the ICR, SAVE, and PAYE income-driven repayment plans. It lays the groundwork for RAP, the administration’s new repayment plan.
ASDA will continue to monitor the issue and its implications for dental students and will keep you informed.
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