Sixty-one percent of current college students say recent federal student-loan law changes will directly impact them. The One Big Beautiful Bill Act includes caps on borrowing, elimination of some income-based repayment plans, and an end to Grad PLUS loans. A poll of 1,190 graduate and undergraduate students found 38% would take private loans, 35% may not finish college, and about 25% are considering military service to pay for college. Twenty percent were unaware of the changes and 39% were fuzzy on details; 22% understood the law but not personal effects. About 20% approved various caps and eliminations. Sixty-three percent contacted financial aid offices; three-quarters found them helpful; 51% rated university transparency.
The majority of current college students-61 percent-surveyed recently say that several changes to the federal student loan system that became law earlier this summer will directly impact them, according to a new poll from U.S. News & World Report. The key changes that students expect to affect them include caps on how much students can borrow, the elimination of some income-based repayment plans and the end of Grad PLUS loans.
The poll, which surveyed 1,190 graduate and undergraduate students earlier this month, asked students about what various provisions in the One Big Beautiful Bill Act would mean for them. Many respondents (38 percent) said they would have to take out private loans to balance the effects of the law, while others (35 percent) said they may not be able to finish college at all.
At the same time, one in five students said they were unaware of the changes to students loans, while another 39 percent said they were "fuzzy on the details" of the OBBBA. Twenty-two percent said they understood the law but not how they will personally be affected. Some students also reported supporting the bill's provisions; about one in five students said they approved, respectively, of loan caps for graduate students, caps for medical and law students, and the elimination of certain income-based repayment plans.
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