Student Loans July 2024. Millions of borrowers will see their monthly student loan payments reduced starting in july, thanks to one of the biden administration’s biggest changes to the. Student loan payments to get cut in half in july.

Knowing the current student loan interest rates and ranges for 2024 can help you figure out how much it could cost to borrow money for a college education. If you enrolled before july 1, 2024, your payment should drop in.