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By Eliza Haverstock | NerdWallet

In 2023, President Joe Biden’s signature student loan debt cancellation plan died, a new repayment plan was born, millions of longtime borrowers got forgiveness and others saw their monthly student loan bills come due again.

This year, even more change is coming.

From a redesigned financial aid form to halved monthly payments, Biden’s debt cancellation Plan B and more, here’s what to expect with college student financial aid in 2024.

Monthly payments will be cut in half for millions

The newest income-driven repayment plan, SAVE, launched in fall 2023. Nearly 5.5 million borrowers enrolled, 2.9 million of whom qualified for $0 monthly payments, the Education Department announced in November. And the perks will sweeten this year. Starting in July, monthly payments on the SAVE plan for some borrowers will be capped at 5% of a borrower’s discretionary income, rather than 10%. That means borrowers who sign up for SAVE — but earn too much to qualify for $0 payments — will still see their payments cut in half. read more

By MARK SHERMAN and MICHAEL LIEDTKE (Associated Press)

WASHINGTON (AP) — The Supreme Court on Tuesday allowed a court order to take effect that could loosen Apple’s grip on its lucrative iPhone app store, potentially siphoning billions of dollars away from one of the world’s most profitable companies.,

The justices rejected Apple’s appeal of lower-court rulings that found some of Apple’s app store rules for apps purchased on more than 1 billion iPhones constitute unfair competition under California law.

The appeal stemmed from an antitrust lawsuit filed in 2020 by Epic Games, maker of the popular Fortnite video game. Epic lost its broader claim that Cupertino, California-based Apple was violating federal antitrust law, and the justices also rejected Epic’s appeal Tuesday.

But in turning away Apple’s effort to maintain exclusive control over in-app payments, the court lifted a hold on an order to allow app developers throughout the U.S. to insert links to other payment options besides its own within iPhone apps. That change would make it easier for developers to avoid paying Apple’s commissions ranging from 15% to 30%. read more