This article is updated frequently as new student loan policy is announced. Please be sure to check back here for further information as it becomes available.
It's a busy time for student loan borrowers, and there have been many new updates affecting student loans. This article will give brief summaries on the following updates:
- The One Big Beautiful Bill Passes
- Executive Order Restructuring PSLF
- Recent Changes to the SAVE Repayment Plan
The One Big Beautiful Bill Passes
On July 4, 2025, President Trump signed the One Big Beautiful Bill (OBBB) into law, bringing major changes to the federal student loan system.
You can read more about these changes here: https://bysavi.zendesk.com/hc/en-us/articles/42826255816595-Understanding-Changes-to-Student-Loan-Repayment-Plans-Under-the-Big-Beautiful-Bill
Executive Order Restructuring PSLF
On March 8th, 2025, President Trump signed an executive order attempting to begin the process of altering the eligibility terms of PSLF. The eligibility terms for PSLF were set by Congress. Under the Constitution, laws can only be substantively changed through Congress, via amendments or new laws. President Trump cannot alter the Education Department rules governing PSLF with just an executive order.
You can read more about the order here: https://bysavi.zendesk.com/hc/en-us/articles/39145998670739-New-Executive-Order-Around-PSLF-Eligibility
Recent Changes to the SAVE Repayment Plan
The SAVE repayment plan is still on hold pending several lawsuits. Servicers are not processing any applications for SAVE and anyone who was previously on SAVE has been placed into a forbearance.
Initially this forbearance did NOT have any interest accruing for borrowers. On August 1, 2025 however, interest began accruing on the SAVE forbearance.
You can read more about these changes here: https://bysavi.zendesk.com/hc/en-us/articles/43584195153427-Updates-to-the-SAVE-Forbearance