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New Student Loan Act Changes Repayment Plans by 2026

2/27/2026

42 10 Full Breakdown

Summary

Story summary

The One Big Beautiful Bill Act takes effect on July 1, 2026, changing federal student loan repayment options.
Current loans remain unchanged for two years, while new borrowers will have limited repayment options.
Parent PLUS loan holders must act quickly to access income-driven repayment plans before the deadline.
The new Repayment Assistance Plan requires 30 years for forgiveness but provides federal interest subsidies.

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Story summary

The One Big Beautiful Bill Act takes effect on July 1, 2026, changing federal student loan repayment options.
Current loans remain unchanged for two years, while new borrowers will have limited repayment options.
Parent PLUS loan holders must act quickly to access income-driven repayment plans before the deadline.
The new Repayment Assistance Plan requires 30 years for forgiveness but provides federal interest subsidies.