Trump’s “Big Beautiful Bill” Overhauls Student Loans What Every Borrower Needs to Know

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Trump’s “Big Beautiful Bill” Overhauls Student Loans: What Every Borrower Needs to Know  https://www.newsplusglobe.org/  President Trump’s “Big Beautiful Bill” has just passed Congress, bringing the most sweeping changes to student loans and college financing in decades. From new borrowing caps and repayment plans to the end of key deferment options and the elimination of student loan forgiveness, this legislation will impact millions of students, graduates, and families. Here’s a clear breakdown of what’s changing, who’s affected, and what you need to do next.   Trump Big Beautiful Bill, student loan overhaul, student loan changes 2025, federal student loans, college financing, graduate student loans, Parent PLUS, loan repayment plans, Pell Grant changes, education policy, US politics, Trump education bill, student loan forgiveness, financial aid, higher education, Congress bill 2025  Hashtags:  #StudentLoans #TrumpBill #EducationReform #BigBeautifulBill #CollegeDebt #LoanRepayment #HigherEd #USPolitics #FinancialAid #Congress2025

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00:00Trump's Big Beautiful Bill has just passed Congress, bringing the biggest changes to

00:04student loans and college financing in decades. Congress approved sweeping new borrowing caps

00:11for undergraduates, graduate students, and parents. Graduate students now face a 100,000

00:18lifetime borrowing limit, while medical and law students are capped at 200,000.

00:23Parents have a 65,000 limit per student. Graduate plus loans are being eliminated,

00:31no new graduate plus loans will be issued after July 1, 2026. For new borrowers, repayment options

00:39are being slashed to just two, a standard fixed payment plan lasting 10 to 25 years, or a new

00:45repayment assistance plan, which is income-based and offers forgiveness after 30 years.

00:50Unemployment and hardship deferments are ending for new loans issued after July 2025.

00:58Forbearance is also capped, with a maximum of nine months allowed every 24 months.

01:04Pell Grant eligibility is expanding to include short-term workforce training,

01:09but new restrictions apply for students whose other aid already covers full costs.

01:14If you're an existing borrower, you can keep your current repayment plan until you finish your program.

01:20But for new borrowers, expect to pay an average of nearly 3,000 more per year compared to previous

01:27plans. Student loan forgiveness programs are being repealed for new borrowers,

01:32meaning no more blanket loan cancellation. With stricter federal caps, more students may be

01:39pushed toward private loans, which often come with higher interest rates and fewer protections.

01:44Supporters say these changes will cut government waste, fight inflation, and end so-called elite

01:50bailouts. Critics warn the bill will make college less accessible and more expensive for working

01:56families. To prepare, review your loan status, plan for the new caps and repayment rules, and stay tuned

02:04for more updates on education policy. Stay informed with News Plus Globe, your trusted source for global news,

02:12breaking updates, and trending headlines, all in one place.

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