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House Approves Controversial Student Loan Reform Bill

7/4/2025

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Summary

Story summary

In a tense showdown, the House narrowly approved President Trump's "Big Beautiful Bill" with a 218-214 vote, dramatically reshaping federal student loan programs. The legislation caps graduate student loans at $20,500 per year and abolishes the Graduate PLUS program, leaving borrowers with fewer repayment options and igniting fears of escalating financial strain on students.

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Story summary

In a tense showdown, the House narrowly approved President Trump's "Big Beautiful Bill" with a 218-214 vote, dramatically reshaping federal student loan programs. The legislation caps graduate student loans at $20,500 per year and abolishes the Graduate PLUS program, leaving borrowers with fewer repayment options and igniting fears of escalating financial strain on students.