The One Big Beautiful Bill Act implemented sweeping changes to federal student‑loan borrowing and repayment that will affect new borrowers and those who consolidate. The legislation alters eligibility, repayment plan structures and loan forgiveness pathways; borrowers who do not consolidate may remain in legacy plans, while consolidated or new loans fall under the new rules. Higher‑ed financial‑aid offices must update counseling, communications, and systems ahead of the changes. Experts advise colleges to prioritize outreach to prospective and current students about how the rules affect borrowing costs and repayment choices. Institutions that advise students and package institutional aid will need to revise nets‑price calculators and financial‑aid offers to reflect the reworked federal landscape.