July 4, 2025. For students, families, and institutions like Beacon College, this bill is significant because it changes some rules related to the federal aid (Title IV) programs, such as borrowing caps and limitations. For example:
Changes some rules for determining Pell Grant eligibility
Modifies the Federal Direct Parent PLUS Loan program
Introduces new eligibility criteria and reporting requirements that could affect how aid is awarded and maintained
As of today, these changes are scheduled to go into effect July 1, 2026, and/or with the 2026-2027 Free Application for Federal Student Aid (FAFSA).
Stay Updated: Check back for updates. This page will continue to be updated as new information becomes available.
What We Know
We currently understand that adjustments are being put in place regarding loan options for students and parents of dependent students. the links below go into further detail on the changes and updates of each loan type that will have adjustments following the provisions of the new bill. Some provisions are straightforward and already under review by our team.