Trump Overhauls Student Loans Starting July 1: New Repayment Rules, Borrowing Caps: Millions of current and future student loan borrowers are facing the biggest overhaul of the federal student loan system in years, as major provisions of President Donald Trump’s One Big Beautiful Bill took effect July 1. The changes dramatically reshape how students borrow… #StudentLoans #StudentDebt #TrumpAdministration #EducationReform #LoanForgiveness