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One Big Beautiful Bill Act

Financial Aid impact under federal legislation: One Big Beautiful Bill Act

This page is for informational purposes only and is based on the current understanding of the One Big Beautiful Bill Act’s proposed implementation by the U.S. Department of Education. This information is subject to change pending final regulatory text.

About the OBBBA Act

The One Big Beautiful Bill Act (OB3 or OBBBA) was signed into law on July 4, 2025, through the federal budget reconciliation process. This legislation contains significant provisions that reshape federal student financial aid nationwide. 

More information is available from the following sites:

What Changed Under the One Big Beautiful Bill Act?

Some of the key changes include the following: 
  • Graduate PLUS Loan Program eliminated for new borrowers
  • Parent PLUS annual and loan limits 
  • Graduate/Professional annual and aggregate loan limits
  • Federal Loan Program lifetime limits
  • Loan Reduction for students below full-time
  • Student Loan repayment
  • Cost of Attendance impacts on the Federal Pell Grant

Frequently Asked Questions