schools
Student loan changes take effect with new payment plans, borrowing caps
By Kadia Tubman at KXXV (ABC 25) News
· July 1, 2026
· 2 min read
President Donald Trump's tax and spending bill has triggered sweeping changes to federal student loans, affecting both current borrowers and future students.The United States has nearly 43 million people who owe a combined $1.7 trillion in student loan debt. New rules now in effect could change h...
Key takeaway RELATED STORY | Student loan borrowers can get a 1% interest rate cut with one simple change"There's really two buckets of changes," Betsy Mayotte with the Institute of Student Loan Advisors said.
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About this story
Original reporting by KXXV (ABC 25) News . The Waco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KXXV (ABC 25) News . Have a tip or correction? Contact our newsroom .
Category: schools ·
Published: July 1, 2026 ·
Source: KXXV (ABC 25) News ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? President Donald Trump's tax and spending bill has triggered sweeping changes to federal student loans, affecting both current borrowers and future students.The United States has nearly 43 million people who owe a combined $1.7 trillion in student loan debt. New rules now in effect could change h...
When was this published? This article was first published on July 1, 2026 by KXXV (ABC 25) News and curated for The Waco readers.
Who reported this story? This story was reported by Kadia Tubman at KXXV (ABC 25) News. To learn more about how The Waco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more schools coverage from The Waco, or browse our daily briefing and topic hubs .
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