Enacted in July 2025, the One Big Beautiful Bill Act (OBBB) made significant changes in federal student loan programs as a part of the shifts in fiscal policy. While there are no changes to federal student loans for the 2025–26 academic year, changes resulting from the legislation are slated for July 1, 2026.
Roosevelt University is continuing to track all of these changes and plans to update this site as more clarification from the U.S. Department of Education is released. In the meantime, please note:
Important disclaimer: The information contained on this page is provided under a good faith understanding of the evolving federal standards; it is not official guidance and should not be regarded by students as definitive. Students should refer to federal governmental sources for official guidance. See studentaid.gov for more information.
To find out more about how OBBB affects you, please select one of the options below.
You may continue to borrow under the current rules (including Graduate PLUS Loans up to the Cost of Attendance) for up to three additional years if you meet BOTH of the following criteria:
If you change programs or start a new degree after July 1, 2026, you will be subject to the new limits.
Parents may continue to borrow under the current rules (up to the full Cost of Attendance) for up to three additional years if:
Here are steps you can take now:
We are here to help you. Please reach out to us if you have any questions.
Public Service Loan Forgiveness (PSLF)
• No changes to PSLF provisions, although new limitations on eligibility have been proposed separately from the OBBB in other regulatory action.
New repayment plans
• For new loans disbursed after July 1, 2026, the bill eliminates current income-driven repayment plans (IBR, PAYE, SAVE) and replaces them with a new Repayment Assistance Program (RAP).
• Students who have borrowed loans before July 1, 2026, and will borrow a new loan after July 1, 2026, are limited to the new RAP or the standard plans for the new loan.
• RAP borrowers will not be locked into a 30-year plan. They can switch to a standard plan, which ranges from 10 to 25 years.
• Borrowers with no new loans made on or after July 1, 2026, can continue to be eligible to enroll in the current Standard, current Income Based (IBR), Graduated, and Extended repayment plans, and could also opt in to the new RAP. Current borrowers enrolled in ICR, PAYE, or SAVE plans must transition to a new repayment plan by July 1, 2028. If no selection is made by that date, they will be moved into RAP.
• More information on the new RAP is forthcoming.
Additional resources
For additional resources published by Federal Student Aid (FSA), please visit:
• One Big Beautiful Bill Act Updates (Federal Student Aid)
• Federal Student Loan Program Provisions Effective Upon Enactment Under the One Big Beautiful Bill Act (GEN-25-04)