July 7, 2025

Trump tax cuts 2025

Loans

Big Beautiful Bill Summary: How Will it Affect Student Loans, Tax Cuts, Child Support and More

President Donald Trump on 4 July signed the ‘One Big Beautiful Bill Act‘, a sweeping tax and spending package legistation reshaping America’s economic landscape. Passed by the Senate with Vice-President JD Vance’s tie-breaking vote, this legislation extends Trump’s 2017 tax cuts, funds border security, and slashes social safety nets, impacting students, families, seniors, and low-income

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