One Big Beautiful Act

The One Big Beautiful Bill Act (OBBB) passed on July 4, 2025, brings many changes to federal student aid programs. Most of these changes are effective starting July 1, 2026, and will affect students for the 2026-27 school year. The Department of Education may also make further adjustments prior to July 1, 2026.

For Undergraduate Students

What’s New:

Loan Proration

Beginning July 1, 2026, loan limits will be prorated depending on enrollment level, similar to grant funding. This means new borrowers enrolled less than full time will only be able to borrow loan amounts in direct proportion to their credit load, with a minimum half-time enrollment requirement.

We expect to receive further information from the Department of Education regarding exact proration amounts.

For Parents of Undergraduate Students

What’s new:

What Families Can Do

Research private student loans and consider a qualified cosigner to reap additional benefits.
Explore other options to make up the difference in coverage through savings, private loans, or payment plans

This page will be updated as new or revised information becomes available