On July 4, 2025, President Trump signed into law a budget reconciliation bill that makes radical changes to numerous federal safety net programs, tax policy, and higher education policy. The law overhauls the federal student aid system, rolls back accountability measures meant to protect students from fraud, and makes deep cuts to the Supplemental Nutrition Assistance Program (SNAP) and Medicaid. The consequences for students, borrowers, and institutions will be dire, impacting college access and affordability for generations to come.  

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What’s in the Reconciliation Law?

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