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.
21 Articles
21 Articles
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.
Congress Could Rein In Graduate Student Loans
Congress is on the verge of eliminating Grad PLUS—the program which extends effectively unlimited taxpayer-funded loans to graduate students—and imposing caps on graduate loans for the first time since 2006. On Tuesday, the Senate passed a budget reconciliation bill ending the program, which has fueled tuition hikes, exploded student debt, and padded the budgets of wealthy universities. Its demise is welcome. Grad PLUS allows graduate students t…
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