The newest update shows that the Department of Education is struggling to process applications for repayment and student loan forgiveness, just as major changes begin.

In short, the bill will "roll back student loan protections and cap the amount students can borrow for graduate programs," said The New York Times, making repayment options and borrowing opportunities fewer. While the changes are projected to result in government savings, there are concerns that they could further reduce college affordability.

President Donald Trump’s "One Big, Beautiful Bill" included caps on the amount of federal student loans a student can borrow.

Understanding whether federal or private student loans make more sense can save you thousands in the long run.

Last week, the average interest rate on 10-year fixed-rate private student loans increased. But borrowers interested in pursuing private student loans to make up for a gap in college funding can still score lower rates than this time last year.

The 900-page bill eliminates a 2006 program called Grad PLUS, which allowed students to borrow money up to the full cost of attendance.

A group of prominent senators is pushing the Trump administration to abandon its decision to start charging interest for nearly 8 million student-loan borrowers.