RISE Committee reaches agreement on regulatory changes required under the One Big Beautiful Bill Act.
The U.S. Department of Education recently finished negotiating rulemaking on student loan reforms mandated by the One Big Beautiful Bill Act. The Reimagining and Improving Student Education (RISE) Committee reached full agreement on proposals during meetings in September and November on simplifying repayment and setting clearer limits on future borrowing.
The plan includes ending the Grad PLUS program, placing caps on Parent PLUS Loans, phasing out numerous repayment plans, and introducing a single streamlined Repayment Assistance Plan.
“The consensus language agreed upon by the negotiators… will help drive a sea change in higher education by holding universities accountable for outcomes and putting significant downward pressure on the cost of tuition,“ said Under Secretary of Education Nicholas Kent. “This will benefit borrowers who will no longer be pushed into insurmountable debt to finance degrees that do not pay off.”
Beginning in July 2026, annual and lifetime loan limits for new graduate and professional students would be set at defined levels rather than tied to the full cost of attendance. The department is preparing a Notice of Proposed Rulemaking for public comment.
As the Lord Leads, Pray with Us…
- For Under Secretary Kent as he oversees the updating of regulations that affect students, families, and institutions nationwide.
- For students and borrowers who will navigate a redesigned loan and repayment structure going forward.
- For Secretary McMahon to be led by the Lord as she implements changes to the Education Department.
Sources: Department of Education
