"Major changes are coming to the student loan landscape starting July 1 that will limit how much Americans can borrow and their repayment options," CBS News reports.

..."Those changes are a result of the One Big Beautiful Bill Act, which President Trump signed into law last year. The Education Department has framed the overhaul as a way to streamline the student loan system, which currently consists of seven repayment plans, and rein in student loan debt, which stands at almost $1.9 trillion, according to LendingTree.

'These are the most changes we have seen at this scale in a very long time,' said Sarah Austin, a policy analyst at the National Association of Student Financial Aid Administrators, a nonprofit membership organization."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 6/2/2026