U.S. Department of Education Finalizes Landmark Rule to Lower College Costs and Simplify Student Loan Repayment
April 30, 2026
Today, the U.S. Department of Education (the Department) released a final rule that will lower the cost of college and make student loan repayment easier, an important step toward implementing historic reforms contained in President Trump’s Working Families Tax Cuts Act (the Act).
Beginning this summer, the Department will implement commonsense loan limits on how much students and parents can borrow, simplify the current patchwork of repayment options, establish a new, congressionally authorized income-driven repayment plan, and enforce other protections for students, families, borrowers, and taxpayers.
The Department’s final rule will carry out the Act’s sweeping higher education reforms to support student borrowers and improve the health of the federal student lending system.
