The tax and spending bill recently signed into law radically alters how borrowers will pay back their student loans, lowers the amount of money graduate students and parents can borrow, and officially sunsets President Biden’s SAVE program, which is known for low monthly payments, and expedited loan forgiveness.

Reset speaks with student loan borrower Kia Clair, rising senior at Northern Illinois University; Alex Lundrigan, policy and advocacy manager, Young Invincibles; and Lisa Kurian Philip, WBEZ higher education reporter, about how these changes could affect local borrowers and what they can do to prepare.

For a full archive of Reset interviews, head over to wbez.org/reset.

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