{"id":11577967,"date":"2025-07-28T11:00:21","date_gmt":"2025-07-28T15:00:21","guid":{"rendered":"https:\/\/www.baltimoresun.com\/?p=11577967&#038;preview=true&#038;preview_id=11577967"},"modified":"2025-07-28T11:00:39","modified_gmt":"2025-07-28T15:00:39","slug":"major-student-loan-changes-next-steps","status":"publish","type":"post","link":"https:\/\/www.baltimoresun.com\/2025\/07\/28\/major-student-loan-changes-next-steps\/","title":{"rendered":"8 major student loan changes from Trump\u2019s budget bill: Next steps for borrowers"},"content":{"rendered":"<p>Student loan borrowers face a new status quo after Congress and President Donald Trump signed off on a massive budget reconciliation agreement earlier this month \u2014 the so-called <a href=\"https:\/\/www.nerdwallet.com\/article\/finance\/one-big-beautiful-bill?utm_campaign=ct_prod&amp;utm_content=1787140&amp;utm_medium=rss&amp;utm_source=syndication&amp;utm_term=medianews-group\" target=\"_self\" rel=\"nofollow noopener\">\u201cone big, beautiful bill\u201d<\/a>.<\/p>\n<p>The changes are significant, but not immediate. Most will go into effect from July 1, 2026, to July 1, 2028, including:<\/p>\n<ul>\n<li>Big cuts to federal loans for grad students and parents.<\/li>\n<li>A new repayment plan landscape.<\/li>\n<li>Limits to relief options for struggling borrowers.<\/li>\n<\/ul>\n<p>Since Congress wrote these changes into law, they\u2019re not susceptible to legal challenges, says Stanley Tate, a lawyer who specializes in student debt issues. (Many Biden-era policies, like mass student loan forgiveness and the SAVE plan, were not explicitly authorized by Congress. This opened them up to lawsuits.)<\/p>\n<p>\u201cThe one silver lining on all of this is that the road ahead, as far as your options, is clearer than it has been throughout this entire administration thus far,\u201d Tate says. \u201cNow that we have rules, it\u2019s incumbent upon us to look at those rules and take the optimal approach for our situation moving forward.\u201d<\/p>\n<p>The bill will impact nearly all student loan borrowers. Take time to fully research the changes and decide on a course of action. Here are the eight top takeaways to know.<\/p>\n<h4>1. Severe cuts to graduate student borrowing<\/h4>\n<p>Federal PLUS loans for graduate and professional students will no longer be offered starting July 1, 2026.<\/p>\n<p>Since 2006, these loans have been available to graduate and professional students, up to their total cost of attendance.<\/p>\n<p>Starting next summer, graduate borrowers can only take out direct loans that have a lower borrowing cap. These are the new limits for graduate school borrowing:<\/p>\n<ul>\n<li><strong>For graduate students:<\/strong> up to $20,500 per year; $100,000 total.<\/li>\n<li><strong>For professional and medical students:<\/strong> up to $50,000 per year; $200,000 total.<\/li>\n<li><strong>Lifetime maximum (undergraduate plus graduate studies): <\/strong>up to $257,500.<\/li>\n<\/ul>\n<p>Without grad PLUS loans, these borrowers may turn to <a href=\"https:\/\/www.nerdwallet.com\/best\/loans\/student-loans\/private-student-loans?utm_campaign=ct_prod&amp;utm_content=1787140&amp;utm_medium=rss&amp;utm_source=syndication&amp;utm_term=medianews-group\" target=\"_self\" rel=\"nofollow noopener\">private student loans<\/a> to cover costs each year beyond $20,500 or $50,000. Private loans offer fewer borrower protections and are not eligible for forgiveness programs.<\/p>\n<p>\u201cPrivate student loan access is by no means guaranteed, and even if a student can access private student loans, the interest rate may be quite a bit higher than the interest rate for federal student loans,\u201d says Lesley Turner, an associate professor of public policy, focused on higher education finance, at the University of Chicago.<\/p>\n<h4>Timing, impact and next steps<\/h4>\n<p>These changes impact students who begin their graduate program on or after July 1, 2026.<\/p>\n<p>If you\u2019re in the middle of grad school right now, or if you\u2019ll start your program by June 30, 2026, you can still take out grad PLUS loans for up to three years, or for the duration of your program \u2014 whichever period is shorter.<\/p>\n<p>If you\u2019re planning on grad school in the future, compare program costs, ask your institution about grants, and look to private student loans as a last resort.<\/p>\n<p>\u201cGraduate programs vary a lot in terms of prices and in terms of outcomes, and so it often can be worth it to shop around,\u201d Turner says. \u201cOftentimes, even in a given geographic area for a given program type, like masters in social work, there\u2019s going to be more expensive and less expensive programs.\u201d<\/p>\n<p>We don\u2019t yet know how exactly programs will be classified as \u201cprofessional\u201d or \u201cgraduate.\u201d More programs may try to label themselves as \u201cprofessional\u201d programs so students can access a higher loan limit, Turner says.<\/p>\n<h4>2. Repayment plans get complete overhaul<\/h4>\n<p>Millions of borrowers may be forced to change their student loan repayment plan. Most <a href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/income-driven-repayment-right?utm_campaign=ct_prod&amp;utm_content=1787140&amp;utm_medium=rss&amp;utm_source=syndication&amp;utm_term=medianews-group\" target=\"_self\" rel=\"nofollow noopener\">income-driven repayment (IDR)<\/a> plans will no longer be available, effective July 1, 2026. That includes:<\/p>\n<ul>\n<li>The Saving on a Valuable Education (SAVE) plan.<\/li>\n<li>The Pay as You Earn (PAYE) plan.<\/li>\n<li>The Income-Contingent Repayment (ICR) plan.<\/li>\n<\/ul>\n<p>Existing borrowers can keep access to a modified version of the <a href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/income-based-repayment?utm_campaign=ct_prod&amp;utm_content=1787140&amp;utm_medium=rss&amp;utm_source=syndication&amp;utm_term=medianews-group\" target=\"_self\" rel=\"nofollow noopener\">Income-Based Repayment (IBR) plan<\/a> (a specific kind of IDR plan). This law also removes the \u201cfinancial hardship\u201d requirement to enroll in IBR.<\/p>\n<p>New borrowers will have access to just two repayment options: a modified version of the standard plan and the Repayment Assistance Plan (RAP).<\/p>\n<ul>\n<li><strong>The modified standard plan <\/strong>splits monthly payments between 10, 15, 20 or 25 years, based on the amount of debt owed.<\/li>\n<li><strong>The RAP plan<\/strong> caps monthly payments based on adjusted gross income and family size. It also offers forgiveness of remaining debt after 30 years of payments.<\/li>\n<\/ul>\n<h4>Timing, impact and next steps<\/h4>\n<p>Current borrowers who want to stay on an IDR plan must switch to Income-Based Repayment (IBR) no later than July 1, 2028. If they don\u2019t act, they will be moved to the RAP plan.<\/p>\n<p>The modified standard plan and the RAP plan will become available to new and existing borrowers on July 1, 2026.<\/p>\n<p><strong>A note for current students:<\/strong> If you take out a new loan after July 1, 2026, you\u2019ll be cut out from IDR and only have access to RAP and the standard plan. That\u2019s because all loans must be repaid under the same plan.<\/p>\n<h4>3. Parent borrowers face lower borrowing limits, blocked from income-driven repayment<\/h4>\n<p>Parents of undergraduates who take out a parent PLUS loan will no longer be able to borrow up to the cost of attendance. This may force some families into private student loans, which are not available to everyone.<\/p>\n<p>Here are the new parent PLUS borrowing limits per student, effective July 1, 2026:<\/p>\n<ul>\n<li><strong>Per year:<\/strong> up to $20,000.<\/li>\n<li><strong>Overall: <\/strong>up to $65,000.<\/li>\n<\/ul>\n<p>Repayment options will also become significantly more limited. Borrowers who take out new parent PLUS loans on or after July 1, 2026, can only repay their loans with the standard plan. They won\u2019t have access to an IDR plan or the RAP.<\/p>\n<p>This applies to all of your parent PLUS loans, even if you took some loans out before the July 1, 2026, cutoff. For example, say you took out one parent PLUS loan in 2023, and then decide to borrow another parent PLUS loan in 2027. Both of those loans would become ineligible for income-driven repayment and the RAP.<\/p>\n<p>\u201cThat gets very precarious if you\u2019re someone who already has a sizable balance and is still borrowing, say, for child number two, child number three, et cetera,\u201d Tate says.<\/p>\n<h4>Timing, impact and next steps<\/h4>\n<p>Consolidate your existing parent PLUS loans, and enroll in the Income-Contingent Repayment plan before July 1, 2026. Once you are on the ICR plan, you can move to the Income-Based Repayment plan, which is the only income-driven plan that will remain for the long haul. If you miss this consolidation deadline, you will be permanently blocked from any income-driven repayment plan, including RAP.<\/p>\n<p>There\u2019s also a legacy provision for the loan limit change. If you took out a parent PLUS loan prior to July 1, 2026, you can continue borrowing up to your student\u2019s cost of attendance for up to three years, or until your kid finishes school \u2014 whichever period is shorter.<\/p>\n<p>Going forward, families who rely on parent PLUS loans need to think long-term about college financing to avoid unexpected funding gaps, explains Megan Walter, senior policy analyst at the National Association of Student Financial Aid Administrators.<\/p>\n<p>You can borrow up to $20,000 per year, but only $65,000 total. So, if you borrow $20,000 for the first three years of your kid\u2019s education, you\u2019ll have $5,000 for their fourth year.<\/p>\n<h4>4. Pell Grants for short-term workforce training programs<\/h4>\n<p>Students who qualify for the <a href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/pell-grants?utm_campaign=ct_prod&amp;utm_content=1787140&amp;utm_medium=rss&amp;utm_source=syndication&amp;utm_term=medianews-group\" target=\"_self\" rel=\"nofollow noopener\">Pell Grant<\/a> \u2014 a need-based federal grant program that goes up to $7,395 per year \u2014 may use it for short-term workforce training programs. Those programs can range from HVAC and plumbing training courses to coding bootcamps, Walter says.<\/p>\n<p>Programs will have to meet certain benchmarks. English language learning programs and study abroad courses don\u2019t count.<\/p>\n<p>The workforce Pell Grant is the result of \u201cone of the only bipartisan conversations that we\u2019ve seen Congress have in the student aid arena in the past few years,\u201d Walter says. \u201cActually seeing it go through was pretty surprising.\u201d<\/p>\n<h4>Timing, impact and next steps<\/h4>\n<p>The workforce Pell Grant will be available starting July 1, 2026.<\/p>\n<p>You must submit the <a href=\"https:\/\/www.nerdwallet.com\/h\/category\/fafsa-and-federal-student-aid?utm_campaign=ct_prod&amp;utm_content=1787140&amp;utm_medium=rss&amp;utm_source=syndication&amp;utm_term=medianews-group\" target=\"_self\" rel=\"nofollow noopener\">Free Application for Federal Student Aid (FAFSA)<\/a> to qualify for the Pell Grant. Unlike a loan, you don\u2019t need to pay the Pell Grant back.<\/p>\n<p>If you\u2019re considering using your Pell money for a short-term workforce training program, thoroughly research programs to avoid scams.<\/p>\n<h4>5. Stricter limits on forbearance, deferment and other relief options<\/h4>\n<p>Future borrowers will find it more difficult to get temporary student loan relief through deferment (a payment pause during which interest does not accrue on subsidized loans) and forbearance (a payment pause in which interest does usually accrue on all loans).<\/p>\n<aside class=\"related left\"><h2 class=\"widget-title\" data-curated-ids=\"\" data-relation-type=\"automatic-primary-section\">Related Articles<\/h2><ul><li>\n\t\t\t<a class=\"article-title\" href=\"https:\/\/www.baltimoresun.com\/2025\/07\/28\/ai-impersonation\/\" title=\"Creating realistic deepfakes is getting easier than ever. Fighting back may take even more AI\">\n\t\n\t\t\t\t<span class=\"dfm-title metered\">\n\t\t\tCreating realistic deepfakes is getting easier than ever. Fighting back may take even more AI\t\t<\/span>\n\n\n\n\t\t\t<\/a>\n\t\n\t\n<\/li><li>\n\t\t\t<a class=\"article-title\" href=\"https:\/\/www.baltimoresun.com\/2025\/07\/28\/asian-beauty-products-us-tariffs\/\" title=\"Tariffs threaten Asian beauty product boom in US\">\n\t\n\t\t\t\t<span class=\"dfm-title metered\">\n\t\t\tTariffs threaten Asian beauty product boom in US\t\t<\/span>\n\n\n\n\t\t\t<\/a>\n\t\n\t\n<\/li><li>\n\t\t\t<a class=\"article-title\" href=\"https:\/\/www.baltimoresun.com\/2025\/07\/28\/wall-street-us-eu-deal\/\" title=\"Wall Street coasts for now ahead of a week packed with potential flashpoints\">\n\t\n\t\t\t\t<span class=\"dfm-title metered\">\n\t\t\tWall Street coasts for now ahead of a week packed with potential flashpoints\t\t<\/span>\n\n\n\n\t\t\t<\/a>\n\t\n\t\n<\/li><li>\n\t\t\t<a class=\"article-title\" href=\"https:\/\/www.baltimoresun.com\/2025\/07\/28\/us-europe-trade-deal-impact\/\" title=\"How the US-EU trade deal wards off more escalation but will raise prices and slow growth\">\n\t\n\t\t\t\t<span class=\"dfm-title metered\">\n\t\t\tHow the US-EU trade deal wards off more escalation but will raise prices and slow growth\t\t<\/span>\n\n\n\n\t\t\t<\/a>\n\t\n\t\n<\/li><li>\n\t\t\t<a class=\"article-title\" href=\"https:\/\/www.baltimoresun.com\/2025\/07\/28\/us-china-trade-meeting-stockholm\/\" title=\"US-China tariff talks may provide clues on a possible Trump-Xi meeting\">\n\t\n\t\t\t\t<span class=\"dfm-title metered\">\n\t\t\tUS-China tariff talks may provide clues on a possible Trump-Xi meeting\t\t<\/span>\n\n\n\n\t\t\t<\/a>\n\t\n\t\n<\/li><\/ul><\/aside>\n<p>Deferments for unemployment and economic hardships will be eliminated entirely. These two deferment programs had allowed borrowers to pause payments for up to three years.<\/p>\n<p>Forbearances to pause payments will be limited to nine months in any 24-month period. Previous rules were more generous: borrowers could request forbearances of up to 12 months, renewable up to a cumulative maximum of three years.<\/p>\n<h4>Timing, impact and next steps<\/h4>\n<p>The deferment and forbearance restrictions impact borrowers who receive a new loan on or after July 1, 2027.<\/p>\n<p>If you face a financial emergency, check if you qualify for the remaining types of student loan deferments, like those for cancer treatment, military service or returning to school. You can still ask your servicer for a forbearance, but only use what you need, since you have a limited amount available. If neither of those options work, see if IBR or RAP are options.<\/p>\n<p>\u201cWe may see a rise in defaults and potentially bankruptcy filings down the road, simply because there\u2019s a huge swath of people where Income-Based Repayment and RAP aren\u2019t affordable under their scenarios,\u201d Tate says. For example, borrowers who earn a high income but have substantial housing expenses could have trouble affording payments under these plans.<\/p>\n<h4>6. More difficult to get student loan forgiveness<\/h4>\n<p>It will take longer to get income-driven repayment plan forgiveness. Instead of reaching the forgiveness finish line in 20 or 25 years under existing IDR plans, new borrowers must make payments on the Repayment Assistance Plan plan for 30 years. (Parent PLUS borrowers won\u2019t qualify for RAP, so they\u2019ll be cut out from this type of forgiveness.)<\/p>\n<p>The bill does not directly impact <a href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/public-service-loan-forgiveness?utm_campaign=ct_prod&amp;utm_content=1787140&amp;utm_medium=rss&amp;utm_source=syndication&amp;utm_term=medianews-group\" target=\"_self\" rel=\"nofollow noopener\">Public Service Loan Forgiveness (PSLF),<\/a> which Trump targeted with a March <a href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/pslf-executive-order?utm_campaign=ct_prod&amp;utm_content=1787140&amp;utm_medium=rss&amp;utm_source=syndication&amp;utm_term=medianews-group\" target=\"_self\" rel=\"nofollow noopener\">executive order<\/a> that hasn\u2019t been implemented. An earlier version of the bill would have removed PSLF eligibility for medical and dental residents, but that provision was removed in the final version.<\/p>\n<h4>Timing, impact and next steps<\/h4>\n<p>This largely impacts borrowers with large amounts of debt relative to their income, who are good candidates for income-driven repayment forgiveness. If you\u2019re a current borrower, switch to the IBR plan before 2028 to get forgiveness in 25 years, instead of 30 years under RAP.<\/p>\n<h4>7. Borrowers get second chance after repeat student loan default<\/h4>\n<p>Borrowers in <a href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/student-loan-default?utm_campaign=ct_prod&amp;utm_content=1787140&amp;utm_medium=rss&amp;utm_source=syndication&amp;utm_term=medianews-group\" target=\"_self\" rel=\"nofollow noopener\">student loan default<\/a> can rehabilitate their loans a second time, returning them to good standing. Previously, <a href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/student-loan-rehabilitation?utm_campaign=ct_prod&amp;utm_content=1787140&amp;utm_medium=rss&amp;utm_source=syndication&amp;utm_term=medianews-group\" target=\"_self\" rel=\"nofollow noopener\">student loan rehabilitation<\/a> was a one-time deal.<\/p>\n<p>That being said, the bill also removes guardrails that prevent borrowers from defaulting in the first place \u2014 like income-driven repayment and generous forbearance options.<\/p>\n<h4>Timing, impact and next steps<\/h4>\n<p>Second chance rehabilitation will open on July 1, 2027.<\/p>\n<p>Roughly 10 million borrowers (1 in 4) could default by the end of this summer, according to an Education Department announcement from April. If you default on your student loans, reach out to the <a href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/how-to-reach-a-student-loan-default-resolution?utm_campaign=ct_prod&amp;utm_content=1787140&amp;utm_medium=rss&amp;utm_source=syndication&amp;utm_term=medianews-group\" target=\"_self\" rel=\"nofollow noopener\">Default Resolution Group<\/a> to make plans to get your loans back into good standing.<\/p>\n<h4>8. Families who own farms, businesses could get more financial aid<\/h4>\n<p>The FAFSA will no longer count the value of a family farm, small business or commercial fishery when calculating a student\u2019s financial need. As a result, students from these families may qualify for more financial aid.<\/p>\n<p>This reverses a FAFSA change from 2024, which added these assets to the financial aid formula.<\/p>\n<h4>Timing, impact and next steps<\/h4>\n<p>This FAFSA change will take effect on July 1, 2026, and be applied to all financial aid calculations starting in the 2026-27 academic year. It will impact a relatively small group of families \u2014 but for those affected, it can make a big difference, like making a student eligible for the Pell Grant, Walter says.<\/p>\n<p>All students and families should submit the FAFSA each year they\u2019re in school, even if they don\u2019t think they\u2019ll qualify for aid. The form opens the door to federal loans, grants, scholarships and work-study.<\/p>\n<div class=\"nw-more-from-nerdwallet\" data-nw-component-type-name=\"More From NerdWallet\" data-nw-component-type-slug=\"nw_more_from_nerdwallet\">\n<p><strong>More From NerdWallet<\/strong><\/p>\n<ul>\n<li><a class=\"nw-link\" title=\"Grad School Debt Holding You Back? How to Get It Under Control\" href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/grad-school-debt-holding-you-back-how-to-get-it-under-control?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=rss&amp;utm_term=medianews-group&amp;utm_content=1787140\" target=\"_self\" rel=\"nofollow noopener\" data-nw-component-type-name=\"Link\" data-nw-component-type-slug=\"nw_link\" data-nw-track-click=\"1\" data-nw-track-impression=\"1\">Grad School Debt Holding You Back? How to Get It Under Control<\/a><\/li>\n<li><a class=\"nw-link\" title=\"Behind on Student Loan Payments? Act Now as 5 Million Summer Defaults Loom\" href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/behind-on-student-loan-payments-act-now-as-5-million-summer-defaults-loom?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=rss&amp;utm_term=medianews-group&amp;utm_content=1787140\" target=\"_self\" rel=\"nofollow noopener\" data-nw-component-type-name=\"Link\" data-nw-component-type-slug=\"nw_link\" data-nw-track-click=\"1\" data-nw-track-impression=\"1\">Behind on Student Loan Payments? Act Now as 5 Million Summer Defaults Loom<\/a><\/li>\n<li><a class=\"nw-link\" title=\"Federal Student Loan Rates Soften for 2025-26, Making Borrowing Slightly More Affordable\" href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/federal-student-loan-rates-lower-for-2025-26?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=rss&amp;utm_term=medianews-group&amp;utm_content=1787140\" target=\"_self\" rel=\"nofollow noopener\" data-nw-component-type-name=\"Link\" data-nw-component-type-slug=\"nw_link\" data-nw-track-click=\"1\" data-nw-track-impression=\"1\">Federal Student Loan Rates Soften for 2025-26, Making Borrowing Slightly More Affordable<\/a><\/li>\n<\/ul>\n<\/div>\n<p><em><span style=\"font-family: Georgia, 'Times New Roman', 'Bitstream Charter', Times, serif;font-size: 16px\">Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock.<\/span><\/em><\/p>\n<p class=\"nw-originally-posted-link\">The article <a title=\"8 Major Student Loan Changes From Trump\u2019s Budget Bill: Next Steps for Borrowers\" href=\"https:\/\/www.nerdwallet.com\/article\/loans\/student-loans\/big-beautiful-bill-student-loans?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=rss&amp;utm_term=medianews-group&amp;utm_content=1787140\" rel=\"nofollow noopener\">8 Major Student Loan Changes From Trump\u2019s Budget Bill: Next Steps for Borrowers<\/a> originally appeared on <a title=\"NerdWallet.com\" href=\"https:\/\/www.nerdwallet.com?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=rss&amp;utm_term=medianews-group&amp;utm_content=1787140\" rel=\"nofollow noopener\">NerdWallet<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bill will impact nearly all student loan borrowers.<\/p>\n","protected":false},"author":13,"featured_media":11577968,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"2025-07-28T15:00:39Z","apple_news_api_id":"ee053f1a-14ac-4e70-b55a-182b603ada7c","apple_news_api_modified_at":"2025-07-28T15:00:39Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/A7gU_GhSsTnC1WhgrYDrafA","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"subheadline":"The bill will impact nearly all student loan borrowers. Take time to fully research the changes and decide on a course of action.","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[71],"tags":[],"feature":[],"location":[],"type-of-work":[],"coauthors":[24528],"class_list":["post-11577967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"post_status":"","edit_last":0,"edit_lock":0,"highlights":"","original_byline":"","original_canonical":"","original_category":"","original_email":"","original_id":0,"original_pubdate":"","original_source":"","primary_section":"71","primary_tag":0,"print_workflow_body":"","print_workflow_exported_ts":"","print_workflow_exported_username":"","print_workflow_shapes":"","print_workflow_side":"","really_short_title":"","short_title":"","syndication_source":{"canonical":"https:\/\/www.ocregister.com\/2025\/07\/28\/major-student-loan-changes-next-steps","id":"cG9zdDoyMTcxNjkz","siteName":"Sharing Dash","syndicationSourceStack":[{"canonical":"https:\/\/www.ocregister.com\/2025\/07\/28\/major-student-loan-changes-next-steps","id":"cG9zdDoyMTcxNjkz","siteName":"Sharing Dash","sourceUrl":"https:\/\/sharingdash.medianewsgroup.com"}],"source_url":"https:\/\/sharingdash.medianewsgroup.com"},"market_neutral_title":"","social_title":"","dfm_hub_post_id":0,"paywall_level":"metered","featured_media_content":{"content_type":"image","content":{"id":11577968,"title":"GettyImages-2222873075","filename":"GettyImages-2222873075.jpg","url":"https:\/\/www.baltimoresun.com\/wp-content\/uploads\/2025\/07\/GettyImages-2222873075.jpg","link":"https:\/\/www.baltimoresun.com\/2025\/07\/28\/major-student-loan-changes-next-steps\/gettyimages-2222873075\/","alt":"","author":"13","description":"","caption":"US President Donald Trump (C) holds a gavel after signing the &#8220;Big Beautiful Bill Act&#8221; at the White House in Washington, DC, on July 4, 2025. US President Donald Trump signed his flagship tax and spending bill on July 4 in a pomp-laden Independence Day ceremony featuring fireworks and a flypast by the type of stealth bomber that bombed Iran. Trump pushed Republican lawmakers to get his unpopular &#8220;One Big Beautiful Bill&#8221; through a reluctant Congress in time for him to sign it into law on the US national holiday &#8212; and they did so with a day to spare Thursday. 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