President Donald Trump's "one big beautiful bill" is bringing changes to the federal student loan system that will affect millions of borrowers.

The future of federal student loan forgiveness in the US is at a critical point. With the current pause on student loan forgiveness under the IBR plan, millions of borrowers face uncertainty.

Starting August 1, 2025, interest will resume on federal student loans for about 8 million SAVE plan borrowers after a year of relief.