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Student Loan Repayment Plans Will Last as Long as Most Mortgages. How Much the New Budget Bill Will Cost You

  • At a White House ceremony, President Donald Trump signed the bill enacting borrowing caps, fewer repayment options, and new Pell Grant rules.
  • Building on the bill’s provisions, effective July 1, 2026 and July 1, 2028, the legislation aims to save $278 billion by 2034 through streamlined borrowing and repayment reforms.
  • The American Medical Association warns that caps on professional student borrowing and high medical school costs will worsen the projected 187,000-physician shortage by 2037.
  • Medical students and pre-med hopefuls on TikTok warn that loan caps may force them into risky private loans or abandoning their careers.
  • AMA CEO Dr. James Madara warns that loan caps will limit medical education affordability and worsen the projected shortage of 187,000 physicians by 2037.
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Federal student loan borrowers will have only two repayment options by 2028

(The Center Square) – Americans with outstanding federal student loans have three years to transition from their current repayment plan to one of two new options codified by President Donald Trump’s “big, beautiful bill.”

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Bias Distribution

  • 39% of the sources are Center, 39% of the sources lean Right
39% Right
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Latin Times broke the news in New York, United States on Sunday, July 6, 2025.
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