The One Big Beautiful Bill Act (H.R. 1), signed into law on July 4, 2025, introduces significant changes to Pell Grants, federal student and parent loans, repayment plans, and the 2026–2027 FAFSA application. These updates will take effect on July 1, 2026.
Notice of Regulatory Status: The U.S. Department of Education has not yet issued the final regulations for the One Big Beautiful Bill Act. Consequently, the information and answers provided below reflect our best interpretation of the legislation and the preliminary outcomes of the Negotiated Rulemaking sessions. These details are subject to change once the official "Final Rules" are published. While a specific release date has not been set, the Department is expected to finalize these regulations by June 1, 2026. The Office of Student Financial Aid Services is actively monitoring the legislation and its implementation details. This page will be updated regularly as additional guidance becomes available from the U.S. Department of Education.
Available Information
Select a program below for detailed information, including the Frequently Asked Questions. We are updating this page regularly as new details emerge.