Majority of college students say they will be affected by Trump’s new tax bill: ‘Honestly, I’m cooked’ | US universities
Donald Trump’s “Great, Beautiful Invoice” is ready to change how families and students finance higher education from July 2026 onwards New survey He claims that the majority of university students expect to be influenced by the bill.
A US news and the world report has explored about 1,200 university students, and most of the respondent changes will affect them. When asked about the wider effects of the law, 61% of the students will feel the effect of personally, 20% will not make and 19% replied orum I don’t know ”.
Approximately one -third of students (32%), former President Joe Biden for student debt for the 2023 income -oriented reimbursement plan, such as the Save Plan, such as the removal of reimbursement options.
Trump’s bill sets new limits on borrowing and reducing the current reimbursement plan options for federal student loan borrowers who have received loans since the summer of next year. It also eliminates grad plus loans for graduate and professional students after that date.
Awareness about the scope of incoming changes varies between the participants of the survey. While only 20% of students are fully grasped the approaching policy shift, 19% admits that they do not understand it. Another 39% understands that they understand a little and 22% are not sure how new rules will be applied for them.
A lightweight majority (51%) of the students opposes the changes of the invoice all student loans. Even when asked for individual provisions, the support remains weak, only one -fifth of the borrowing limit is approved or the elimination of specific income -oriented reimbursement plans.
For many, new rules cause them to reconsider their ways of training. According to the survey, 35% of them intend to reduce their work, 32% of the changing degrees, 31% to complete the school abroad, and 26% of them are intending to join the army for financial support.
The first generation students is more likely to think about reducing their schools (45%) or changing parts (44%), which is a result of Trump cancels long -standing guards against immigrant raids on school campuses, data It shows that 47% of the first generation students in the US are also the first generation immigrants.
Some students shared their thoughts directly: orum I am thinking of not finishing the Faculty of Law, ”he said. Another explained: “I wanted to go to the Faculty of Medicine, but now I will not.” Someone simply summarized: “To be honest, I cooked.”
Given the new borrowing limits and the loss of graduate plus loans, graduate and professional students are expected to feel the biggest effect.
Currently, students in programs such as law or medicine can borrow Up to $ 138,500 During his training, including undergraduate debt. Other graduate students have borrowing limits between $ 81,000 to 107,500 dollars depending on what they receive as undergraduate students.
The new legislation will increase borrowing for graduate and academic doctoral programs to $ 20,500 per year and a total of $ 100,000. Professional practice, such as medicine and law, doctoral degrees will be $ 50,000 higher per year and a total of $ 200,000.
Although these new limits are technically higher than the existing CAPs, students who need more than this amount will see that their options are smaller.
Currently, Grad Plus loans allow graduate students to borrow up to full participation cost. While directly higher interest rates than loans, they provide significant benefits compared to special loans, such as fixed rates and access to revenue -oriented reimbursement plans.
