Trump's 'Working Families Tax Cut Act' Restricts Federal Student Loans and Eliminates Repayment Options

Key provisions of the 'Working Families Tax Cut Act' have gone into effect, imposing new restrictions on federal student loan limits and eliminating several repayment options. This policy shift is expected to push many students to rely on private scholarships and funding, with significant aggregate limits now applying to graduate and professional students. The act also ended the Biden administration's SAVE Plan, impacting millions of borrowers.