August 4, 2025

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Loans

UMich community reacts to One Big Beautiful Bill Act impact on student loans

On July 4, the One Big Beautiful Bill Act, also known as H.R.1, a sweeping spending and tax bill championed by President Donald Trump, was signed into law. In its nearly 1,000 pages, the bill includes major tax cuts, reductions to Medicaid and the Supplemental Nutrition Assistance Program, an increase in border and defense spending,

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