Most Students Affected by OBBBA Student Loan Changes

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. About a quarter said they were even considering joining the military to help pay for college.

“I wanted to go to medical school, but now I won’t,” one student wrote, according to U.S. News.

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. Slightly fewer, 17 percent, approve of eliminating Grad PLUS loans.

About 63 percent of students said they reached out to their financial aid offices for help navigating the bill’s effects, and three-quarters of those students found their financial aid offices helpful. About half of students (51 percent) also reported that their universities had been transparent about the effects of the OBBBA.