The One Big Beautiful Bill Act, set to take effect in 2026, is a sweeping overhaul of federal student aid programs. Despite its name, there is nothing beautiful about it. For New York, the consequences will be devastating: less access to education, fewer trained professionals in critical fields, and deeper economic inequality for generations to come.

This legislation eliminates Graduate PLUS loans and imposes strict federal borrowing caps for graduate and professional students. It also places new limits on Parent PLUS loans while restricting repayment and forgiveness options. All of this is being done under the guise of reform but make no mistake, the intent is not to lower the cost of college. It’s to limit who gets to attend and who gets to advance.

States like New York will soon be fo

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