Major changes to student loan borrowing and repayment are coming. Here's what to know
Summary
Big changes are coming to student loans in the U.S. President Donald Trump signed a law called the One Big Beautiful Bill Act, which updates how students can borrow and pay back loans.Key Facts
- The changes affect federal student loan borrowing and repayment.
- The law is called the One Big Beautiful Bill Act.
- President Donald Trump signed this law after it passed through Congress.
- This is the most significant change in student loans in many years.
- Students looking to borrow for college this fall will be directly affected.
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