Education Dept. Reaches Consensus With Stakeholders on Student Loan Overhaul

Student loan reforms outlined in President Donald Trump’s One Big Beautiful Bill will be implemented in July 2026.
Education Dept. Reaches Consensus With Stakeholders on Student Loan Overhaul
Graduates at the University of Toledo commencement ceremony in Toledo, Ohio, on May 5, 2018. Carlos Osorio/AP Photo
Bill Pan
Bill Pan
Reporter
|Updated:
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The U.S. Department of Education and stakeholders have reached consensus on how to implement President Donald Trump’s plan to revamp the federal student loan system, including which degree programs qualify for which tier of loans.

The department said on Nov. 6 that it had concluded the second and final negotiating session on the full package of student loan reforms laid out in Trump’s One Big Beautiful Bill, which became law in July.