As of 2025, 42.5 million people have outstanding federal student loans. Of those, approximately 12.3 million — about 29% of borrowers — are currently enrolled in an income-driven repayment (IDR) plan. These plans provide significant relief, giving borrowers more affordable monthly payments.
President Trump’s One Big Beautiful Bill (OBBB) overhauled federal student loans and their repayment options. The changes will have a major impact on both current and future student loan borrowers. And, depending on what loans you have, you may have a limited amount of time to take action — or risk losing repayment options permanently.
Kat Tretina | Yahoo Finance