Federal financial-aid rules will change in 2026 under the 'One Big Beautiful Bill,' with new limits on loan access, restructured repayment rules and fresh grant funds for short‑term workforce training. The Education Department has been negotiating technical terms with experts and plans to implement the changes in July, with little expected alteration to the statutory framework. Colleges will need to revise packaging, counseling and compliance operations to reflect altered eligibility, repayment options and reporting requirements. Short‑term credential providers and workforce programs stand to gain new grant support, while traditional degree programs face enrollment pressure from alternative pathways. Financial‑aid offices and registrars should prepare communications, update systems and train staff now to minimize disruption when the rules take effect.