What borrowers should know about student loan changes in the One Big Beautiful Bill — from npr.org by Cory Turner
If you’re a federal student loan borrower or about to become one, your head may be spinning.
On July 4, when President Trump signed the One Big Beautiful Bill Act into law, he also greenlit a history-making overhaul of the federal student loan system — one that will affect the lives of many, if not most, of the United States’ nearly 43 million student loan borrowers.
And boy is it a lot to unpack, with new, tighter borrowing limits and dramatically reduced repayment options, to name just a few of the sweeping changes.
Under the One Big Beautiful Bill Act, borrowers in SAVE will have to change plans by July 1, 2028, when SAVE will be officially shut down. If they wait, though they currently can’t be required to make payments, they will see their loans explode with interest.