{"id":37683,"date":"2025-07-11T12:53:56","date_gmt":"2025-07-11T12:53:56","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/"},"modified":"2025-07-11T12:53:56","modified_gmt":"2025-07-11T12:53:56","slug":"are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/","title":{"rendered":"Are you a student loan borrower? Here&#8217;s how the One Big Beautiful Bill Act will affect you."},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>After already experiencing whiplash in student loan policy since COVID-19, borrowers must once again brace for changes.<\/p>\n<p>The &#8220;big, beautiful bill&#8221; that President Trump signed into law on July 4 overhauls the federal student loan system by reducing the number of repayment plan options down to two and capping the amount individuals can borrow for higher education.\u00a0<\/p>\n<p>Here are changes to student loan repayments under the new budget law.<\/p>\n<h2>Repayment plan options\u00a0<\/h2>\n<p>Known as the One Big Beautiful Bill Act, the new law phases out a number of federal student loan repayment options including the SAVE plan.<\/p>\n<p>Current borrowers enrolled in programs to be eliminated, will have until July 1, 2028 to switch to a new plan. For the 7.7 million Americans currently enrolled in the Biden-era SAVE plan, interest collection will resume on Aug. 1, the Department of Education\u00a0<a href=\"https:\/\/www.ed.gov\/about\/news\/press-release\/us-department-of-education-continues-improve-federal-student-loan-repayment-options-addresses-illegal-biden-administration-actions\" target=\"_blank\" rel=\"nofollow noopener\">announced<\/a>\u00a0Wednesday.\u00a0<\/p>\n<p>Beginning on July 1, 2026, new student loan borrowers will choose between one of two plans: a standard repayment plan or an income-driven repayment (IDR) plan called the Repayment Assistance Plan.<\/p>\n<p>The standard repayment plan will allow student loan borrowers to make fixed payments over the course of 10 to 25 years.\u00a0<\/p>\n<p>The Repayment Assistance Plan will allow borrowers to pay 1% to 10% of their income on a monthly basis, for up to 30 years, Aissa Canchola Ba\u00f1ez, the policy director at advocacy group Student Borrower Protection Center, told CBS MoneyWatch. That&#8217;s a longer timeline than current IDR plans, she said, which\u00a0<a href=\"https:\/\/studentaid.gov\/manage-loans\/repayment\/plans\/income-driven?os=av.&amp;ref=app\" target=\"_blank\" rel=\"nofollow noopener\">are currently<\/a> either 20 or 25 years.\u00a0<\/p>\n<p>After the 30-year mark, the borrower&#8217;s remaining loan balance will be canceled, as is currently the case after an individual&#8217;s repayment window ends.<\/p>\n<p>The 5-year payment extension on income-based payments concerns Ba\u00f1ez, who said &#8220;borrowers are going to be forced to be in repayment for even longer,&#8221; she said.<\/p>\n<p>However, Sarah Reber, a senior fellow at the Brookings Institution, a Washington, D.C.-based think tank, called the binary repayment options a &#8220;huge improvement&#8221; from a policy design perspective. The current system is confusing for borrowers given all the options from which they have to choose, she told CBS MoneyWatch.<\/p>\n<h2>Pell Grant\u00a0<\/h2>\n<p>The new law tightens qualifications for Pell Grant program, the largest source of federal aid for low-income students. From 2021-2022, an estimated 92% of Pell Grant recipients had a total family income at or below $60,000,\u00a0<a href=\"https:\/\/www.congress.gov\/crs-product\/R45418\" target=\"_blank\" rel=\"nofollow noopener\">according<\/a> to Congress.gov.<\/p>\n<p>Under the &#8220;big, beautiful bill&#8221; students who receive a full scholarship from the college or university they are attending will no longer be eligible for additional funding through the Pell Grant program.\u00a0<\/p>\n<p>The budget law also increases scrutiny of the Student Aid Index, which is used to determine the size of an individual&#8217;s federal aid eligibility. As a result, higher-income families will have a harder time getting Pell Grant funding, <a href=\"https:\/\/www.help.senate.gov\/imo\/media\/doc\/help_committee_reconciliation_2025_section-by-section.pdf\" target=\"_blank\" rel=\"nofollow noopener\">according<\/a> to the U.S. Senate Committee on Health, Education, Labor and Pensions (HELP).<\/p>\n<p>The law expands Pell Grant eligibility for students in workforce training programs.<\/p>\n<h2>Borrowing caps<\/h2>\n<p>The new law sets borrowing caps on certain loans beginning July 1, 2026.<\/p>\n<p><a href=\"https:\/\/studentaid.gov\/understand-aid\/types\/loans\/plus\/parent\" target=\"_blank\" rel=\"nofollow noopener\">Parent PLUS<\/a> loans, which are federal loans available for parents of dependent undergraduate students, will now be restricted to $20,000 a year and $65,000 total cap. That&#8217;s a change from the current limit, which amounts to the total cost of attendance minus any student aid the student receives.<\/p>\n<p>The new bill also does away with<a href=\"https:\/\/studentaid.gov\/understand-aid\/types\/loans\/plus\/grad\" target=\"_blank\" rel=\"nofollow noopener\">\u00a0Grad PLUS loans,<\/a>\u00a0which help people finance higher education degrees. Starting July 1, 2026, new students will no longer be able to apply for the loans. However, current borrowers will be grandfathered in and still allowed to access the loans, according to <a href=\"https:\/\/edsource.org\/2025\/trumps-law-reshapes-federal-loans-and-pell-grants-impacting-california-students\/735967#:~:text=Top%20Takeaways%20*%20The%20law%20blocks%20graduate,have%20reduced%20aid%20to%20many%20Pell%20recipients.\" target=\"_blank\" rel=\"nofollow noopener\">EdSource<\/a>.<\/p>\n<p>Graduate students seeking unsubsidized federal loans for professional degrees, such as law or medicine, will be restricted to $50,000 per year and a $200,000 lifetime cap. Those seeking an advanced degrees in nonprofessional areas, such as history or philosophy, will be restricted to a yearly borrowing cap of $20,500 and a lifetime cap of $100,000.<\/p>\n<p>In a statement to CBS MoneyWatch, the Association of American Medical Colleges expressed concern over these changes, saying they &#8220;will create significant financial barriers to attending medical school.&#8221; According to the not-for-profit group, around 40% of medical students have relied on Grad PLUS historically to finance their education.<\/p>\n<h2>Economic hardship, unemployment deferment<\/h2>\n<p>As of July 1, 2026, deferment provisions for borrowers facing economic hardship will be eliminated under the &#8220;big, beautiful bill.&#8221; Currently, student loan borrowers can apply for up to 3 years of deferment based on economic hardship or unemployment, according to the Federal Student Aid <a href=\"https:\/\/studentaid.gov\/manage-loans\/lower-payments\/get-temporary-relief\/deferment\" target=\"_blank\" rel=\"nofollow noopener\">website<\/a>.<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/mary-cunningham\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Mary  Cunningham<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at &#8220;60 Minutes,&#8221; CBSNews.com and CBS News 24\/7 as part of the CBS News Associate Program.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/big-beautiful-bill-changes-student-loan-repayment\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After already experiencing whiplash in student loan policy since COVID-19, borrowers must once again brace for changes. The &#8220;big, beautiful<\/p>\n","protected":false},"author":1,"featured_media":37684,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[1884,6176,4621,386],"class_list":["post-37683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch","tag-biden-administration","tag-student-debt","tag-student-loan","tag-trump-administration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Are you a student loan borrower? Here&#039;s how the One Big Beautiful Bill Act will affect you. - World News<\/title>\n<meta name=\"description\" content=\"The megalaw reduces the number of federal student loan repayment options and places a cap on how much individuals can can borrow for higher education.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are you a student loan borrower? Here&#039;s how the One Big Beautiful Bill Act will affect you. - World News\" \/>\n<meta property=\"og:description\" content=\"The megalaw reduces the number of federal student loan repayment options and places a cap on how much individuals can can borrow for higher education.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/\" \/>\n<meta property=\"og:site_name\" content=\"World News\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-11T12:53:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg\" \/><meta property=\"og:image\" content=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"998\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/\"},\"author\":{\"name\":\"News\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2\"},\"headline\":\"Are you a student loan borrower? Here&#8217;s how the One Big Beautiful Bill Act will affect you.\",\"datePublished\":\"2025-07-11T12:53:56+00:00\",\"dateModified\":\"2025-07-11T12:53:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/\"},\"wordCount\":787,\"publisher\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#organization\"},\"image\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=1200&resize=1200,630&ssl=1\",\"keywords\":[\"Biden Administration\",\"Student Debt\",\"Student Loan\",\"Trump Administration\"],\"articleSection\":[\"Money Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/\",\"name\":\"Are you a student loan borrower? Here's how the One Big Beautiful Bill Act will affect you. - World News\",\"isPartOf\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=1200&resize=1200,630&ssl=1\",\"datePublished\":\"2025-07-11T12:53:56+00:00\",\"dateModified\":\"2025-07-11T12:53:56+00:00\",\"description\":\"The megalaw reduces the number of federal student loan repayment options and places a cap on how much individuals can can borrow for higher education.\",\"breadcrumb\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#primaryimage\",\"url\":\"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=1200&resize=1200,630&ssl=1\",\"contentUrl\":\"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=1200&resize=1200,630&ssl=1\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/site.itshrt.com\/worldnews\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Are you a student loan borrower? Here&#8217;s how the One Big Beautiful Bill Act will affect you.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#website\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/\",\"name\":\"World News\",\"description\":\"World News\",\"publisher\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/site.itshrt.com\/worldnews\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#organization\",\"name\":\"World News\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png\",\"contentUrl\":\"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png\",\"width\":581,\"height\":581,\"caption\":\"World News\"},\"image\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2\",\"name\":\"News\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Are you a student loan borrower? Here's how the One Big Beautiful Bill Act will affect you. - World News","description":"The megalaw reduces the number of federal student loan repayment options and places a cap on how much individuals can can borrow for higher education.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/","og_locale":"en_US","og_type":"article","og_title":"Are you a student loan borrower? Here's how the One Big Beautiful Bill Act will affect you. - World News","og_description":"The megalaw reduces the number of federal student loan repayment options and places a cap on how much individuals can can borrow for higher education.","og_url":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/","og_site_name":"World News","article_published_time":"2025-07-11T12:53:56+00:00","og_image":[{"url":"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg","type":"","width":"","height":""},{"url":"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg","width":1920,"height":998,"type":"image\/jpeg"}],"author":"News","twitter_card":"summary_large_image","twitter_image":"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg","twitter_misc":{"Written by":"News","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#article","isPartOf":{"@id":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/"},"author":{"name":"News","@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2"},"headline":"Are you a student loan borrower? Here&#8217;s how the One Big Beautiful Bill Act will affect you.","datePublished":"2025-07-11T12:53:56+00:00","dateModified":"2025-07-11T12:53:56+00:00","mainEntityOfPage":{"@id":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/"},"wordCount":787,"publisher":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#organization"},"image":{"@id":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#primaryimage"},"thumbnailUrl":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=1200&resize=1200,630&ssl=1","keywords":["Biden Administration","Student Debt","Student Loan","Trump Administration"],"articleSection":["Money Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/","url":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/","name":"Are you a student loan borrower? Here's how the One Big Beautiful Bill Act will affect you. - World News","isPartOf":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#website"},"primaryImageOfPage":{"@id":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#primaryimage"},"image":{"@id":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#primaryimage"},"thumbnailUrl":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=1200&resize=1200,630&ssl=1","datePublished":"2025-07-11T12:53:56+00:00","dateModified":"2025-07-11T12:53:56+00:00","description":"The megalaw reduces the number of federal student loan repayment options and places a cap on how much individuals can can borrow for higher education.","breadcrumb":{"@id":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#primaryimage","url":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=1200&resize=1200,630&ssl=1","contentUrl":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=1200&resize=1200,630&ssl=1","width":1200,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/site.itshrt.com\/worldnews\/are-you-a-student-loan-borrower-heres-how-the-one-big-beautiful-bill-act-will-affect-you\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/site.itshrt.com\/worldnews\/"},{"@type":"ListItem","position":2,"name":"Are you a student loan borrower? Here&#8217;s how the One Big Beautiful Bill Act will affect you."}]},{"@type":"WebSite","@id":"https:\/\/site.itshrt.com\/worldnews\/#website","url":"https:\/\/site.itshrt.com\/worldnews\/","name":"World News","description":"World News","publisher":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/site.itshrt.com\/worldnews\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/site.itshrt.com\/worldnews\/#organization","name":"World News","url":"https:\/\/site.itshrt.com\/worldnews\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/","url":"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png","contentUrl":"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png","width":581,"height":581,"caption":"World News"},"image":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2","name":"News","url":"https:\/\/site.itshrt.com\/worldnews\/author\/admin\/"}]}},"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=150&resize=150,150&ssl=1","medium":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=300&resize=300,300&ssl=1","medium_large":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=768&resize=768,0&ssl=1","large":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=1024&resize=1024,1024&ssl=1","1536x1536":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=1536&resize=1536,1536&ssl=1","2048x2048":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=2048&resize=2048,2048&ssl=1","colormag-highlighted-post":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=392&resize=392,272&ssl=1","colormag-featured-post-medium":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=390&resize=390,205&ssl=1","colormag-featured-post-small":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=130&resize=130,90&ssl=1","colormag-featured-image":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=800&resize=800,445&ssl=1","colormag-default-news":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=150&resize=150,150&ssl=1","colormag-featured-image-large":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=1400&resize=1400,600&ssl=1","colormag-elementor-block-extra-large-thumbnail":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=1155&resize=1155,480&ssl=1","colormag-elementor-grid-large-thumbnail":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=600&resize=600,417&ssl=1","colormag-elementor-grid-small-thumbnail":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=285&resize=285,450&ssl=1","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=575&resize=575,198&ssl=1"},"magazineBlocksPostAuthor":{"name":"News","avatar":"https:\/\/secure.gravatar.com\/avatar\/e85cf08852547781a5f631f3713dbb5197ed4b54e32ae19c7d5769b8c8504897?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":false,"magazineBlocksPostExcerpt":"After already experiencing whiplash in student loan policy since COVID-19, borrowers must once again brace for changes. The &#8220;big, beautiful","magazineBlocksPostCategories":["Money Watch"],"magazineBlocksPostViewCount":24,"magazineBlocksPostReadTime":4,"magazine_blocks_featured_image_url":{"full":["https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=1200&resize=1200,630&ssl=1",1200,630,false],"medium":["https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=300&resize=300,300&ssl=1",300,300,false],"thumbnail":["https:\/\/i1.wp.com\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/10\/0cfaa182-4ae9-40a1-a9bf-59defc5ebf81\/thumbnail\/1200x630\/db0b628c8f731614c9dbfd56d733119f\/gettyimages-1202519955.jpg?w=150&resize=150,150&ssl=1",150,150,false]},"magazine_blocks_author":{"display_name":"News","author_link":"https:\/\/site.itshrt.com\/worldnews\/author\/admin\/"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/e85cf08852547781a5f631f3713dbb5197ed4b54e32ae19c7d5769b8c8504897?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-37\">Money Watch<\/a>","_links":{"self":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/posts\/37683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/comments?post=37683"}],"version-history":[{"count":0,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/posts\/37683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/media\/37684"}],"wp:attachment":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/media?parent=37683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/categories?post=37683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/tags?post=37683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}