President Trump’s Big Beautiful Bill is massively rolling back federal student-loan programs in a nearly complete-180-degree turnaround from the Biden-era debt-forgiveness movement. The newly passed legislation imposes stark caps on how much some students and their families will be able to borrow from the federal government — and also slashes repayment options and flexibility.

Now that President Donald Trump's spending bill has passed, student loan borrowers may see some changes heading their way. Here's what to know.

The legislation will decrease the amount of money graduate students can receive for federal student loans, impose new limits on Pell Grant recipients, and increase taxes on schools with high endowment-to-student ratios.

Trump's "Big Beautiful Bill" eliminates existing income-driven repayment plans, bringing a major change for student-loan borrowers.

Months later, the Education Department has unveiled drafted plans for the student loan forgiveness program that does just that. Proponents claim the proposed legislation would give one person unilateral power to remove organizations’ eligibility from the program as a form of political retaliation.

Student loan borrowers’ options are dwindling and time is not on their side as the Trump administration turns up the heat to get all borrowers back in repayment.   The recently passed “big,

Senate passes Trump's reconciliation bill with major student loan changes. Repayment plans, borrowing caps, and elimination of popular programs worry advocates.

Economic analyses warn that the sweeping changes will impact college students, families and existing borrowers across the country.