Senate Republicans are under pressure to pass the One Big Beautiful Bill Act, which promises sweeping tax cuts, increased endowment taxes, and significant changes to the student loan system and Medicaid. The House has already approved the measure, but Senate discussions remain ambiguous regarding higher education provisions. Key senators' silence raises concerns about potential modifications, particularly regarding risk-sharing for unpaid loans. Trump's administration emphasizes the bill’s priority as a cornerstone for his agenda; however, the bill's projected $2.4 trillion deficit over a decade presents challenges to its support.
The One Big Beautiful Bill will implement President Trump's Make America Great Again agenda by delivering the largest tax cut in American history, the largest border security investment in history, and the largest deficit reduction in nearly 30 years.
If passed, the complex piece of legislation—known as the One Big Beautiful Bill Act—could entirely reshape the student loan system, increase endowment taxes, force colleges to repay their students' unpaid loans and significantly cut Medicaid.
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