What is the “One Big Beautiful Bill Act” and why does it matter for student aid?
P.L. 119-21, also known as the One Big Beautiful Bill Act (OBBBA) or the reconciliation bill, signed July 4, 2025, includes significant reforms to federal student aid programs. It changes the eligibility and amounts for Pell Grants, sets new limits for federal student loans (including the phase-out of Grad PLUS), requires loan proration for less than full-time enrollment, and introduces a new income-driven repayment option.
Where can I find out more information?
We’ll post updates on this website as new details become available. You can also: Contact financial aid with questions about your specific situation. Monitor announcements from the U.S. Department of Education at studentaid.gov. Keep an eye on school communications, as some programs may publish program-specific updates.
The information provided above reflects our current understanding of federal financial aid changes under the One Big Beautiful Bill Act (OBBBA) and is not intended to be legal advice. Many specifics—including transition rules, eligibility criteria, and implementation timelines—are still subject to federal rulemaking and guidance from the U.S. Department of Education. Policies, processes, and the guidance in this document are subject to change as new details emerge.