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The Effects that the 'Big Beautiful Bill' Will Have on Mass. Student Loan Borrowers
UNITED STATES, JUL 8 – The law eliminates Grad PLUS loans and caps borrowing at $50,000 annually for professional students, potentially limiting access to medical and law schools, experts say.
- On July 6, 2025, President Donald Trump signed the Big Beautiful Bill into law, eliminating Grad PLUS loans and capping borrowing for parents and professional students.
- Amid efforts to reduce federal spending, the legislation removes deferment options, limits repayment plans available to borrowers, and eliminates economic hardship and unemployment deferments.
- Meanwhile, parents using Parent PLUS loans now have a $20,000 yearly cap and $65,000 total, and graduate students face $20,500 annual and $100,000 lifetime limits, with no attribution.
- A provision tucked inside the law will make it harder for thousands of aspiring doctors, Kristen Earle said, highlighting the barrier to medical education.
- In the long term, legal education may become more selective as loan caps could narrow access to law programs, and the bill requires SAVE borrowers to select a new repayment plan between July 2026 and June 2028.
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NBC Right NowSenator Patty Murray warns of health care impact from reconciliation bill
SEATTLE, Wash. – Senator Patty Murray held a press conference discussing the potential impact of the One Big Beautiful Bill Act on health care access. She emphasized the damaging effects of the new law, which was signed on July 4,…
·Spokane, United States
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How will Trump's spending bill impact student loans?
President Trump's recently passed spending package has implications well beyond the tax code. It will also introduce some major changes for student loan borrowers.In short, the bill will "roll back student loan protections and cap the amount students can borrow for graduate programs," said The New York Times, making repayment options and borrowing opportunities fewer. While the changes are projected to result in government savings, there are con…
·Washington, United States
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Coverage Details
Total News Sources28
Leaning Left10Leaning Right1Center8Last UpdatedBias Distribution53% Left
Bias Distribution
- 53% of the sources lean Left
53% Left
L 53%
C 42%
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