Big Beautiful Bill’ introduced by Donald Trump in America has now become a big topic of discussion. While this bill has made changes in tax cuts, deportation policy and child tax credit, it is also set to bring major changes in the policies related to college and student loans for American students.
Know in this article —
- What is this new law?
- What effect will this have on students?
- And why is it being said that college can become even more expensive now?
What is “Big Beautiful Bill”?
This bill, introduced by Donald Trump’s Republican government, is a huge reform law regarding taxes, immigration, and social schemes. But the biggest concern is related to college studies and education loans for students.
What will be the impact on Student Education Loans (Student Loans)?
- Subsidized loans may be closed
Till now, needy students in America used to get subsidized loans from the government, on which interest was very low or interest was not charged during studies.
The new bill may eliminate these loan options. - Interest rates may be higher
Under this bill, interest rates on government student loans may increase, due to which students will spend more time and money in repaying the loan. - Impact on public service loan waiver scheme
“Public Service Loan Forgiveness” means students working in certain government/social services have their debts forgiven.
The new bill may also end this scheme.
Why did the concern of students and families increase?
- College fees are already very high in America.
- If government assistance and loan facilities end, it will become difficult for middle and low income families to get education.
- Due to this, higher education can be limited only to the rich.
Other big points of the bill
| Subject | Change |
| Tax | Tax relief to high income earners |
| Deportation | Strict action against illegal immigrants |
| Child Credit | Reduction in government assistance to children |
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Opposition and support
- Supporters say: This bill will strengthen America’s economy and simplify the tax system.
- Opponents say: This bill will put a huge economic burden on the poor, middle class and students.
conclusion: is the future of students in danger?