The megalaw reduces the number of federal student loan repayment options and places a cap on how much individuals can can borrow for higher education.

Following the passage of President Trump's sweeping budget bill, here's some of the biggest changes to student loans.

Whether the American public comes to see the “Big Beautiful Bill” as “beautiful” remains to be seen. A June 26 Quinnipiac poll found 29% of voters support the bill, 55% opposed it, and 16% did not have an opinion. What’s clear is that Democrats will hold the bill against Trump during the 2026 midterm election campaign season.