Since President Donald Trump signed the One Big Beautiful Bill Act into law on July 4, new federal loan limits are set to go into effect.

The law also issued the elimination of certain repayment options and removal of Grad PLUS loans, prompting many college students to rethink whether and how they would finish their degrees, according to a new U.S. News survey.

Why It Matters

The One Big Beautiful Bill Act set new annual and lifetime borrowing limits for graduate and professional students that take effect for new loans beginning July 1 next year. The law also reduces the number of available federal repayment plans for some borrowers, creating immediate uncertainty for those planning graduate or professional degrees.

Due to the changes, millions of current and prospective studen

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