Senate Passes Big Changes to Student Loans in Reconciliation Bill
- Last Tuesday night, the Senate narrowly approved a spending megabill, overhauling federal student loan programs significantly.
- The megabill originated from GOP priorities to implement Trump’s legislative goals via reconciliation, embedding student loan reforms to support tax cuts and spending reductions.
- The Senate bill reduces federal student loan repayment options to two, caps Stafford loans, and delays forgiveness for borrowers from July 2026 to July 2028.
- Nearly every federal borrower will experience changes as the megabill heads to the House facing uncertain approval.
- The bill now advances to the House, which aims to vote by July 4, with President Trump’s signature pending potential revisions or rejection, creating legislative uncertainty.
26 Articles
26 Articles
GOP's proposed cap on grad student loans sparks fears of pricing out fields of study
(The Hill) - Congress is on the verge of greenlighting new restrictions capping how much graduate students will be able to borrow from the federal government in a move that some worry will ice marginalized communities out of advanced degrees. As part of the megabill Republicans hope to pass this week to advance President Trump's agenda, senators included a ceiling on federal student loans for graduate, medical and law students as a way to comba…
Student loan borrowers could see payments spike under Trump’s ‘big, beautiful’ bill: ‘People are panicking right now’
Student loan borrowers could see their monthly payments spike under President Trump’s “big, beautiful" bill, which would cut down a handful of repayment options to just two.
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