Trump's 'big booty full bill' caps student loans. Here's what it means for borrowers
President Donald Trump's massive tax and spending package will bring sweeping changes to federal student loans, in part by capping how much money people can borrow from the federal government to pay for college and graduate school.
Among other measures, the legislation, which Trump has called "one big, beautiful bill," sets new limits for students and their families. The following changes go into effect for new borrowers on July 1, 2026:
For the first time, borrowers will have a total lifetime borrowing limit of $257,500 for all federal student loans.
Unsubsidized student loans for graduate students will be capped at $20,500 per year with a lifetime loan limit of $100,000. Borrowing for professional degrees, such as those for doctors and lawyers, will be limited to $50,000 per year and $200,000 over a lifetime. Currently, graduate and professional students can borrow up to the full cost of attendance each year.
https://www.msn.com/en-us/money/careersandeducation/trump-s-big-beautiful-bill-caps-student-loans-here-s-what-it-means-for-borrowers/ar-AA1IHVGE