On July 4, the One Big Beautiful Bill Act , also known as H.R.1, a sweeping spending and tax bill championed by President Donald Trump, was signed into law . In its nearly 1,000 pages, the bill includes major tax cuts, reductions to Medicaid and the Supplemental Nutrition Assistance Program , an increase in border and defense spending, several changes to student loan policy and more. Adjustments made to student loan programs is of particular relevance to the University of Michigan community. These changes include an expansion of Pell Grant eligibility, modifications to repayment plans and new borrowing limits on student loans. The Michigan Daily spoke with U-M community members to hear their views on how H.R.1 impacts student loans.
H.R.1 expanded eligibility for Pell Grants