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Top Articles
Parents trying to help their children pay for college may soon find themselves struggling to navigate the updated Federal student loan rules. The massive overhaul of student loans in the One Big Beautiful Bill sets new caps on Parent PLUS Loans, while also cutting off access to affordable income-driven repayment…
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Late in the hours on Saturday, the Senate voted to advance the One Big Beautiful Bill Act, as reported by Forbes. President Trump immediately took to social media to claim victory. While impactful, this bill still has many necessary steps before Trump can sign it into law. This article discusses the current status of this bill in the legislative process and outlines the five key steps that must be taken before it can become a tax law. Just A Bill On Capitol Hill Many can recall the School House of Rock’s famous “I’m Just a Bill” episode, which features an…
The Senate’s final version of the One Big Beautiful Bill was released last night, and it introduces a complete overhaul of student loan repayment – for both existing borrowers and new borrowers. This comes after last minute changes removed some key provisions GOP lawmakers wanted. For new borrowers who take out student loans after July 1, 2026, they will only have two options: a new Standard Plan, or an income-driven repayment plan called the Repayment Assistance Plan (RAP). Furthermore, new borrowers will face lower student loan borrowing limits and changes to loan types. For existing borrowers, there will not be…
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