Major Federal Student Loan Changes Effective July 1, 2026, Under One Big Beautiful Bill Act

AI-generated NewsSnap summary based on source reporting.
Published: 2026-10-04
Category: education
Source: Multiple Sources (e.g., TCNJ Financial Aid, Federal Student Aid)

Significant changes to federal student loan programs, enacted by the One Big Beautiful Bill Act in July 2025, became effective on July 1, 2026. These include new repayment plan options, the phasing out of most income-driven repayment plans (including SAVE), tightening federal borrowing limits, and the elimination of Grad PLUS loans for new borrowers.

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