Under President Donald Trump’s One Big Beautiful Bill Act, the Education Department has eliminated the Grad PLUS program, capped Parent PLUS Loans, and consolidated student loan repayment options into a single Repayment Assistance Plan.
More than 42 million Americans owe about $1.7 trillion in student loans, placing the issue at the center of debates about affordability, higher education, and the national workforce.
The Education Department reforms represent the most significant overhaul of the federal student loan system in decades.
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