{"abstract":"The Secretary amends the regulations for the Federal student loan programs authorized under title IV of the Higher Education Act (HEA) of 1965, as amended (the title IV, HEA programs) to implement the statutory changes to the title IV, HEA programs included in Public Law 119-21, the Working Families Tax Cuts Act signed into law by President Trump on July 4, 2025. The Department previously referred to the Working Families Tax Cuts Act as the \"One Big Beautiful Bill Act,\" including in the Notice of Proposed Rulemaking published on January 30, 2026. These changes include establishing new loan limits for graduate students, professional students, and parents, and phasing out the Graduate PLUS (Grad PLUS) Program. The Working Families Tax Cuts Act also simplifies the current broken and confusing myriad of Federal student loan repayment plans by phasing out the existing Income- Contingent Repayment (ICR) plans, creating a new Tiered Standard repayment plan option, and establishing a new income-driven repayment plan known as the Repayment Assistance Plan. The Working Families Tax Cuts Act also enables borrowers in default who have previously rehabilitated a defaulted loan a second chance to rehabilitate their loan(s) and resume repayment.","action":"Final rule.","agencies":[{"raw_name":"DEPARTMENT OF EDUCATION","name":"Education Department","id":126,"url":"https://www.federalregister.gov/agencies/education-department","json_url":"https://www.federalregister.gov/api/v1/agencies/126","parent_id":null,"slug":"education-department"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2026/05/01/2026-08556.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"674","title":34},{"chapter":null,"citation_url":null,"part":"682","title":34},{"chapter":null,"citation_url":null,"part":"685","title":34}],"citation":"91 FR 23768","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"This final rule is effective on July 1, 2026.","disposition_notes":null,"docket_ids":["Docket ID ED-2025-OPE-0944"],"dockets":[{"supporting_documents":[{"title":"Information Collection Requirement - Final Rule: 1845-0021 - William D. Ford Federal Direct Loan Program (DL) Regulations","document_id":"ED-2025-OPE-0944-19636"},{"title":"Information Collection Requirement: Forms and Instruments","document_id":"ED-2025-OPE-0944-0003"},{"title":"Information Collection Requirement: Supporting Statement","document_id":"ED-2025-OPE-0944-0002"}],"agency_name":"ED","documents":[{"comment_count":0,"comment_start_date":"2026-05-01","updated_at":"2026-05-01T15:56:56.007-04:00","comment_url":"https://www.regulations.gov/commenton/ED-2025-OPE-0944-19637","allow_late_comments":false,"id":"ED-2025-OPE-0944-19637","comment_end_date":"2026-05-01","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":3,"id":"ED-2025-OPE-0944","title":"Reimagining and Improving Student Education (RISE) Committee"}],"document_number":"2026-08556","effective_on":"2026-07-01","end_page":23901,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2026/05/01/2026-08556.xml","html_url":"https://www.federalregister.gov/documents/2026/05/01/2026-08556/reimagining-and-improving-student-education-federal-student-loan-program-final-regulations","images":{"ER01MY26.005":{"large":"https://img.federalregister.gov/ER01MY26.005/ER01MY26.005_large.png","medium":"https://img.federalregister.gov/ER01MY26.005/ER01MY26.005_medium.png","original_size":"https://img.federalregister.gov/ER01MY26.005/ER01MY26.005_original_size.png"},"ER01MY26.027":{"large":"https://img.federalregister.gov/ER01MY26.027/ER01MY26.027_large.png","medium":"https://img.federalregister.gov/ER01MY26.027/ER01MY26.027_medium.png","original_size":"https://img.federalregister.gov/ER01MY26.027/ER01MY26.027_original_size.png"},"ER01MY26.004":{"large":"https://img.federalregister.gov/ER01MY26.004/ER01MY26.004_large.png","medium":"https://img.federalregister.gov/ER01MY26.004/ER01MY26.004_medium.png","original_size":"https://img.federalregister.gov/ER01MY26.004/ER01MY26.004_original_size.png"},"ER01MY26.026":{"large":"https://img.federalregister.gov/ER01MY26.026/ER01MY26.026_large.png","medium":"https://img.federalregister.gov/ER01MY26.026/ER01MY26.026_medium.png","original_size":"https://img.federalregister.gov/ER01MY26.026/ER01MY26.026_original_size.png"},"ER01MY26.025":{"large":"https://img.federalregister.gov/ER01MY26.025/ER01MY26.025_large.png","medium":"https://img.federalregister.gov/ER01MY26.025/ER01MY26.025_medium.png","original_size":"https://img.federalregister.gov/ER01MY26.025/ER01MY26.025_original_size.png"},"ER01MY26.024":{"large":"https://img.federalregister.gov/ER01MY26.024/ER01MY26.024_large.png","medium":"https://img.federalregister.gov/ER01MY26.024/ER01MY26.024_medium.png","original_size":"https://img.federalregister.gov/ER01MY26.024/ER01MY26.024_original_size.png"},"ER01MY26.023":{"large":"https://img.federalregister.gov/ER01MY26.023/ER01MY26.023_large.png","medium":"https://img.federalregister.gov/ER01MY26.023/ER01MY26.023_medium.png","original_size":"https://img.federalregister.gov/ER01MY26.023/ER01MY26.023_original_size.png"},"ER01MY26.022":{"large":"https://img.federalregister.gov/ER01MY26.022/ER01MY26.022_large.png","medium":"https://img.federalregister.gov/ER01MY26.022/ER01MY26.022_medium.png","original_size":"https://img.federalregister.gov/ER01MY26.022/ER01MY26.022_original_size.png"},"ER01MY26.021":{"large":"https://img.federalregister.gov/ER01MY26.021/ER01MY26.021_large.png","medium":"https://img.federalregister.gov/ER01MY26.021/ER01MY26.021_medium.png","original_size":"https://img.federalregister.gov/ER01MY26.021/ER01MY26.021_original_size.png"},"ER01MY26.020":{"large":"https://img.federalregister.gov/ER01MY26.020/ER01MY26.020_large.png","medium":"https://img.federalregister.gov/ER01MY26.020/ER01MY26.020_medium.png","original_size":"https://img.federalregister.gov/ER01MY26.020/ER01MY26.020_original_size.png"}},"images_metadata":{"ER01MY26.005":{"large":{"identifier":"ER01MY26.005","content_type":"image/png","size":8346,"width":821,"sha":"543067c2261bf4f5308954655faf8598","url":"https://img.federalregister.gov/ER01MY26.005/ER01MY26.005_large.png","height":97},"medium":{"identifier":"ER01MY26.005","content_type":"image/png","size":2842,"width":419,"sha":"2846c1230622d87110f8c259ef8de6a5","url":"https://img.federalregister.gov/ER01MY26.005/ER01MY26.005_medium.png","height":50},"original_size":{"identifier":"ER01MY26.005","content_type":"image/png","size":13112,"width":3165,"sha":"8d2c51d4984f8000c0e542edf6d55e63","url":"https://img.federalregister.gov/ER01MY26.005/ER01MY26.005_original_size.png","height":374}},"ER01MY26.027":{"large":{"identifier":"ER01MY26.027","content_type":"image/png","size":61405,"width":823,"sha":"8e74ea83c3bfaa805cc668e0c4cb8af2","url":"https://img.federalregister.gov/ER01MY26.027/ER01MY26.027_large.png","height":597},"medium":{"identifier":"ER01MY26.027","content_type":"image/png","size":20538,"width":474,"sha":"42929c0bc623a334404bb6b92317c5bb","url":"https://img.federalregister.gov/ER01MY26.027/ER01MY26.027_medium.png","height":344},"original_size":{"identifier":"ER01MY26.027","content_type":"image/png","size":56406,"width":3576,"sha":"b0eff88cf180bda9bdc0e3a3e34ee7fe","url":"https://img.federalregister.gov/ER01MY26.027/ER01MY26.027_original_size.png","height":2594}},"ER01MY26.004":{"large":{"identifier":"ER01MY26.004","content_type":"image/png","size":7954,"width":823,"sha":"742be1e044d3a5c3566949a0496c7eb1","url":"https://img.federalregister.gov/ER01MY26.004/ER01MY26.004_large.png","height":88},"medium":{"identifier":"ER01MY26.004","content_type":"image/png","size":3024,"width":464,"sha":"5b744c16eb254f6b26c14020e8dabb69","url":"https://img.federalregister.gov/ER01MY26.004/ER01MY26.004_medium.png","height":50},"original_size":{"identifier":"ER01MY26.004","content_type":"image/png","size":14284,"width":3496,"sha":"a794f9d91a7bc09e5d47c304f1a8dd19","url":"https://img.federalregister.gov/ER01MY26.004/ER01MY26.004_original_size.png","height":374}},"ER01MY26.026":{"large":{"identifier":"ER01MY26.026","content_type":"image/png","size":49435,"width":823,"sha":"4603518bd0c87ae08b2653dce20e1af8","url":"https://img.federalregister.gov/ER01MY26.026/ER01MY26.026_large.png","height":495},"medium":{"identifier":"ER01MY26.026","content_type":"image/png","size":18242,"width":474,"sha":"32ae09125e4a1d5b4ab4cc249327fa55","url":"https://img.federalregister.gov/ER01MY26.026/ER01MY26.026_medium.png","height":285},"original_size":{"identifier":"ER01MY26.026","content_type":"image/png","size":50373,"width":3576,"sha":"493263d7f138323ac0c542071cb54c99","url":"https://img.federalregister.gov/ER01MY26.026/ER01MY26.026_original_size.png","height":2152}},"ER01MY26.025":{"large":{"identifier":"ER01MY26.025","content_type":"image/png","size":39541,"width":822,"sha":"6de427fa346ce3d475e791e589c541f5","url":"https://img.federalregister.gov/ER01MY26.025/ER01MY26.025_large.png","height":490},"medium":{"identifier":"ER01MY26.025","content_type":"image/png","size":16149,"width":468,"sha":"86c7b34c03848f414358b25d57357e4b","url":"https://img.federalregister.gov/ER01MY26.025/ER01MY26.025_medium.png","height":279},"original_size":{"identifier":"ER01MY26.025","content_type":"image/png","size":39359,"width":3540,"sha":"17e45ad14c3bfdaf205219f19b668453","url":"https://img.federalregister.gov/ER01MY26.025/ER01MY26.025_original_size.png","height":2110}},"ER01MY26.024":{"large":{"identifier":"ER01MY26.024","content_type":"image/png","size":29059,"width":821,"sha":"6f595842048924e6117b50bf4d46dd23","url":"https://img.federalregister.gov/ER01MY26.024/ER01MY26.024_large.png","height":472},"medium":{"identifier":"ER01MY26.024","content_type":"image/png","size":12239,"width":468,"sha":"2be6829a098584d521b06bc298af3ef6","url":"https://img.federalregister.gov/ER01MY26.024/ER01MY26.024_medium.png","height":269},"original_size":{"identifier":"ER01MY26.024","content_type":"image/png","size":26060,"width":3540,"sha":"0022caef949de71e1af4d8326822684b","url":"https://img.federalregister.gov/ER01MY26.024/ER01MY26.024_original_size.png","height":2036}},"ER01MY26.023":{"large":{"identifier":"ER01MY26.023","content_type":"image/png","size":39213,"width":823,"sha":"4c498fbdfaf1ed3f42c60cfbd2cdd246","url":"https://img.federalregister.gov/ER01MY26.023/ER01MY26.023_large.png","height":567},"medium":{"identifier":"ER01MY26.023","content_type":"image/png","size":17355,"width":469,"sha":"37f2cc52c3d09af621fcb3172a73f0bc","url":"https://img.federalregister.gov/ER01MY26.023/ER01MY26.023_medium.png","height":323},"original_size":{"identifier":"ER01MY26.023","content_type":"image/png","size":34783,"width":3540,"sha":"4111f50b5e59bbd343f28006f749b891","url":"https://img.federalregister.gov/ER01MY26.023/ER01MY26.023_original_size.png","height":2438}},"ER01MY26.022":{"large":{"identifier":"ER01MY26.022","content_type":"image/png","size":66299,"width":823,"sha":"6709b35c17d64ec3e01ae3baaa654e08","url":"https://img.federalregister.gov/ER01MY26.022/ER01MY26.022_large.png","height":651},"medium":{"identifier":"ER01MY26.022","content_type":"image/png","size":27312,"width":472,"sha":"728639ce13dcf258a9ec41b0e9dc24d7","url":"https://img.federalregister.gov/ER01MY26.022/ER01MY26.022_medium.png","height":374},"original_size":{"identifier":"ER01MY26.022","content_type":"image/png","size":63456,"width":3568,"sha":"00a7f9942b24454836e2ba29208abec7","url":"https://img.federalregister.gov/ER01MY26.022/ER01MY26.022_original_size.png","height":2824}},"ER01MY26.021":{"large":{"identifier":"ER01MY26.021","content_type":"image/png","size":37499,"width":822,"sha":"02e00a7fb40958a4810d4cbff798264f","url":"https://img.federalregister.gov/ER01MY26.021/ER01MY26.021_large.png","height":380},"medium":{"identifier":"ER01MY26.021","content_type":"image/png","size":15477,"width":473,"sha":"3d8d5fb58cf5d867fec84b900c67a3a9","url":"https://img.federalregister.gov/ER01MY26.021/ER01MY26.021_medium.png","height":219},"original_size":{"identifier":"ER01MY26.021","content_type":"image/png","size":33328,"width":3576,"sha":"07ca2dc81b28518ef3f0396c470447fe","url":"https://img.federalregister.gov/ER01MY26.021/ER01MY26.021_original_size.png","height":1654}},"ER01MY26.020":{"large":{"identifier":"ER01MY26.020","content_type":"image/png","size":59532,"width":823,"sha":"b6ecff18bec5bcf36a39dbf4112793bc","url":"https://img.federalregister.gov/ER01MY26.020/ER01MY26.020_large.png","height":702},"medium":{"identifier":"ER01MY26.020","content_type":"image/png","size":24989,"width":470,"sha":"42a378dc2fdf150d8b5e6bab651eb402","url":"https://img.federalregister.gov/ER01MY26.020/ER01MY26.020_medium.png","height":401},"original_size":{"identifier":"ER01MY26.020","content_type":"image/png","size":52473,"width":3550,"sha":"fc2f1593acfd60af41ecbf563ec14ba3","url":"https://img.federalregister.gov/ER01MY26.020/ER01MY26.020_original_size.png","height":3030}}},"json_url":"https://www.federalregister.gov/api/v1/documents/2026-08556?publication_date=2026-05-01","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2026-05-01/2026-08556/mods.xml","not_received_for_publication":null,"page_length":134,"page_views":{"count":5466,"last_updated":"2026-05-04 10:15:06 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-05-01/pdf/2026-08556.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-08556.pdf?1777553126","publication_date":"2026-05-01","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2026/05/01/2026-08556.txt","regulation_id_number_info":{"1840-AD98":null},"regulation_id_numbers":["1840-AD98"],"regulations_dot_gov_info":{"supporting_documents":[{"title":"Information Collection Requirement - Final Rule: 1845-0021 - William D. Ford Federal Direct Loan Program (DL) Regulations","document_id":"ED-2025-OPE-0944-19636"},{"title":"Information Collection Requirement: Forms and Instruments","document_id":"ED-2025-OPE-0944-0003"},{"title":"Information Collection Requirement: Supporting Statement","document_id":"ED-2025-OPE-0944-0002"}],"comments_count":0,"agency_id":"ED","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=ED-2025-OPE-0944","supporting_documents_count":3,"docket_id":"ED-2025-OPE-0944","document_id":"ED-2025-OPE-0944-19637","regulation_id_number":"1840-AD98","title":"Reimagining and Improving Student Education (RISE) Committee","checked_regulationsdotgov_at":"2026-05-02T17:55:03Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":23768,"subtype":null,"title":"Reimagining and Improving Student Education-Federal Student Loan Program Final Regulations","toc_doc":"Federal Student Loan Program","toc_subject":"Reimagining and Improving Student Education","topics":["Administrative practice and procedure","Colleges and universities","Education","Reporting and recordkeeping requirements","Student aid"],"type":"Rule","volume":91}