India, July 14 -- Millions of Americans juggling student loans are set to suffer a major shake-up. The latest development? As per The Hill, the sweeping new law signed by President Donald Trump on July 4 slashes the number of federal loan repayment options. It also imposes new borrowing caps, limiting how much students can take out for college.

After years of shifting policies during and after the pandemic, borrowers now must re-learn the system, and adjust fast. While some may find the changes simplify repayment, others worry it will restrict access to necessary funds. Either way, the student debt landscape is shifting, again.

The One Big Beautiful Bill Act drastically narrows repayment options, phasing out popular plans like SAVE, PAY...