Monthly payments could drop, but most borrowers will pay more in interest over time. What to expect now that President Trump's "Big Beautiful Bill" is law.

Americans with outstanding federal student loans have three years to transition from their current repayment plan to one of two new options codified by President Donald

The changes are part of President Donald Trump’s spending bill. Starting July 1, 2026, graduate students pursuing professional degrees will be able to borrow up to $200,000 in federal student loans. The average graduate student will cap out at $100,