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The Trump administration has changed federal student loan policy. Here’s what you should know

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The Wheelhouse

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The U.S. Department of Education has updated its federal student loan guidance as changes involving college debt policy from the One Big, Beautiful Bill Act took effect July 1.

U.S. Education Secretary Linda McMahon has said that American taxpayers should no longer pay for other people’s student loans.

But the changes, according to NPR, will limit the amount of programs available to borrowers. And they’ll cap loans for grad students.

Today on The Wheelhouse, what borrowers should know ahead of the 2026-2027 academic year.

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