Trump’s ‘Working Families Tax Cut Act’ will restrict access to federal loans and eliminates repayment options

Trump’s ‘Working Families Tax Cut Act’ will restrict access to federal loans and eliminates repayment options

On July 1, the Working Families Tax Cut Act student loan provisions went into effect. The measure, passed last year under President Donald Trump as a part of the administration's ongoing work to reshape federal higher education policy, increases monthly dollar payments on student loans, eliminates several repayment options and imposes stricter borrowing limits. Loan limits are expected to mainly impact graduate and professional students, who wil…