Olde Hornet
Well-Known Member
Many voted for him, this is part of their prize! 
Attention federal student loan borrowers: Major changes are coming your way, starting Wednesday.
That’s when many of the provisions contained in President Donald Trump’s sweeping One Big Beautiful Bill Act take effect.
Some borrowers, particularly lower-income folks, will be hit with higher monthly payments. New professional and graduate students will have to contend with stricter loan limits. Parents will also face tighter caps on how much they can borrow to help their kids.
The US Department of Education says the reforms implement “commonsense loan limits,” simplify repayment options and improve the health of the federal student lending system. But critics worry that the changes will make it harder and more expensive for students to finance their education and to repay their loans afterwards.
Federal student loans are critical to many Americans’ ability to go to college or grad school. Nearly 43 million borrowers have student loans, totaling $1.7 trillion, as of March, according to the Federal Student Aid office.
Attention federal student loan borrowers: Major changes are coming your way, starting Wednesday.
That’s when many of the provisions contained in President Donald Trump’s sweeping One Big Beautiful Bill Act take effect.
Some borrowers, particularly lower-income folks, will be hit with higher monthly payments. New professional and graduate students will have to contend with stricter loan limits. Parents will also face tighter caps on how much they can borrow to help their kids.
The US Department of Education says the reforms implement “commonsense loan limits,” simplify repayment options and improve the health of the federal student lending system. But critics worry that the changes will make it harder and more expensive for students to finance their education and to repay their loans afterwards.
Federal student loans are critical to many Americans’ ability to go to college or grad school. Nearly 43 million borrowers have student loans, totaling $1.7 trillion, as of March, according to the Federal Student Aid office.
