Federal Student Loan Repayment Plan Changes

Significant changes to federal student loan repayment plan programs were recently signed into law and are effective beginning July 1, 2026.  Repayment plan options will vary depending on when students borrow their federal student loans.

See our Federal Student Loan Repayment Plan Information website for full details and resources.

Visit the University of Illinois Student Money Management Center for lots of great resources and tools, including a repayment plan wizard, webinars, blogs, and more.

This information reflects the most current guidance available as of May 1, 2026, and is subject to change as official guidance is released by the Department of Education.  

These changes are a result of HR 1 – Public Law No. 119–21, OBBBA (One Big Beautiful Bill Act). Please visit Federal Student Aid (FSA) for the latest updates.