The One Big Beautiful Bill Act (OBBBA), signed by President Donald Trump on July 4, 2025, is a landmark fiscal reform. It aims to solidify tax cuts from the 2017 Tax Cuts and Jobs Act while introducing new deductions and reducing federal spending.

In short, the bill will "roll back student loan protections and cap the amount students can borrow for graduate programs," said The New York Times, making repayment options and borrowing opportunities fewer. While the changes are projected to result in government savings, there are concerns that they could further reduce college affordability.