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Trump's Student Loan Changes Hit 42.5 Million Borrowers

8/5/2025

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Summary

Story summary

The Trump administration's student loan changes impact 42.5 million borrowers with $1.66 trillion in debt.
New legislation restricts repayment plans and borrowing limits, especially for graduate students.
Nearly 8 million borrowers will see interest resume, increasing average monthly payments by $300.
Minnesota provides direct support to borrowers via a dedicated ombudsman office.

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Story summary

The Trump administration's student loan changes impact 42.5 million borrowers with $1.66 trillion in debt.
New legislation restricts repayment plans and borrowing limits, especially for graduate students.
Nearly 8 million borrowers will see interest resume, increasing average monthly payments by $300.
Minnesota provides direct support to borrowers via a dedicated ombudsman office.