Federal Student Loan Rule Changes Affect Borrowers, Including Graduate and Part-Time Students

Significant changes to federal student loan rules, enacted by the Trump administration's One Big Beautiful Bill Act, took effect on July 1, 2026, for new loans. These revisions introduce new borrowing limits for graduate and professional students, as well as Parent PLUS loans. Additionally, new federal student loans will now offer a narrower set of repayment options, potentially impacting financial planning for many students and families.