schools
Trump’s sweeping changes to student loans take effect today. Here’s what they mean for you
By CNN Newsource at KVIA ABC-7
· July 1, 2026
· 5 min read
By Tami Luhby, CNN
(CNN) — Attention federal student loan borrowers: Major changes are coming your way, starting Wednesday.
That’s when many of the provisions contained in President Donald Trump’s sweeping One Big Beautiful Bill Act take effect.
Some borrowers, particularly lower-income fol...
Key takeaway The US Department of Education says the reforms implement “commonsense loan limits,” simplify repayment options and improve the health of the federal student lending system.
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Category: schools ·
Published: July 1, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 5 min
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Frequently asked about this story
What is this story about? By Tami Luhby, CNN
(CNN) — Attention federal student loan borrowers: Major changes are coming your way, starting Wednesday.
That’s when many of the provisions contained in President Donald Trump’s sweeping One Big Beautiful Bill Act take effect.
Some borrowers, particularly lower-income fol...
When was this published? This article was first published on July 1, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more schools coverage from The El Paso, or browse our daily briefing and topic hubs .
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