About this episode

This episode discusses the significant changes to federal student loans that will take effect on July 1, 2026, under the One Big Beautiful Bill Act.

The biggest overhaul of federal student loans in a generation just took effect. Under the One Big Beautiful Bill Act , borrowers who take out federal loans on or after July 1, 2026 face fewer repayment options, hard borrowing caps, and slightly higher interest rates . While many of these changes apply to new loans going forward, some borrowers do have choices to make. For example, borrowers in the SAVE forbearance will have to start making decisions to change repayment plans. It's important to remember that current borrowers keep their existing fixed interest rates and access to legacy plans like IBR — but anyone borrowing for the coming school year is entering a very different system.

People in this episode

Host: The College Investor

Topics covered

• student loans
• federal loans
• repayment options
• interest rates
• education policy

Keywords

• student loans
• federal loans
• repayment plans
• interest rates
• SAVE forbearance

Mentioned in this episode

Organizations: One Big Beautiful Bill Act, SAVE, IBR

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