New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.

House Speaker Mike Johnson, R-La., said that President Donald Trump’s large spending bill will act as “jet fuel” for the economy despite criticisms from Democrats.

The 'Big, Beautiful Bill,' which was recently signed into law, eliminates unemployment and economic hardship deferments, reducing the options student loan borrowers have to pause their payments.

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Federal legislation signed into law this month rewrites student loan and grant policy with the goal of frugality, with critics warning it may push students toward loans and programs with fewer protections.