Federal Student Loan Program Undergoes Significant Policy Revisions

Major changes to federal student loan programs are scheduled to take effect on July 1, 2026, stemming from the "One Big Beautiful Bill Act." These revisions introduce stricter borrowing limits for students and parents, along with new regulations for income-driven repayment plans. Millions of borrowers previously on the SAVE plan will need to select new repayment options or face automatic enrollment in potentially more expensive options.