U.S. Department of Education Details Proposed Student Loan Regulatory Changes in Unified Agenda

The U.S. Department of Education has outlined its intent to propose new regulations for student loans, following negotiated rulemaking to implement changes from the 'One Big Beautiful Bill.' These proposed regulations include phasing out graduate and professional PLUS Loans, eliminating Income Contingent Repayment (ICR) and Pay As You Earn (PAYE) plans, establishing new loan limits for graduate and professional students, and introducing a new 'Repayment Assistance Plan.'