LOUISVILLE, Ky. (WAVE) - New legislation is set to reshape how students and families pay for a college education if they’re looking for help from federal student loans.

Those changes may also alter your ability to pay for that college education so prepare, plan, and learn now.

Jennifer Finetti, Director of Student Advocacy at ScholarshipOwl, is spreading the word about major changes to student loans, repayment plans, Pell Grant eligibility and more.

“The most important thing that parents and students can do is that they should research this information and really try to delve in and understand,” Finetti said.

The overhaul of the federal loan program came with the signing of the One Big Beautiful Bill Act signed into law on July 4 by President Donald Trump.

“The most significant change

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