ED Publishes NPRM to Implement Student Loan Changes Enacted Under OBBBA
Megan Walter
January 30, 2026
The Department of Education (ED) today published a Notice of Proposed Rulemaking (NPRM) to implement statutory changes to the federal student loan programs enacted under the One Big Beautiful Bill Act (OBBBA).
The proposed regulations largely mirror the consensus text agreed to by the OBBBA’s Reimagining and Improving Student Education (RISE) negotiated rulemaking committee, with only minor technical and conforming changes. Comments on the proposed regulations are due 30 days after publication in the Federal Register.
The proposed regulations would create a distinction between graduate and professional students for student loan borrowing limit purposes, revise annual and aggregate loan limits for graduate students, professional students, and parent borrowers, and phase out the Graduate PLUS Loan Program and additional borrowing limits for certain health professions (HEAL).
