The One Big Beautiful Bill is Signed into Law
The Senate passed its version of the One Big Beautiful Bill early last week with amendments from members and deletions from the Senate Parliamentarian. On July 3, the House of Representatives voted to adopt the Senate’s amendments. President Trump signed the bill into law on July 4.
The final version of the 870-page law includes sweeping changes to federal student loans and public oral health. In this issue, ASDA is focusing on the student loans provisions. The One Big Beautiful Bill:
- Eliminates Grad PLUS loans, which 76% of dental students use, effective July 1
- Replaces existing income-based repayment plans with the Repayment Assistance Plan (RAP). Under RAP, borrowers will pay 1-10% of their income with a minimum monthly payment of $10. Borrowers currently enrolled in the SAVE program have between July 2026 and July 2028 to enroll in RAP or the standard repayment plan.
- Caps dental school borrowing at a lifetime limit of $200,000, effective July 1, 2026, for new borrowers. This lowered cap will not apply to students currently in their program of study.
ASDA is continuing to monitor the implementation of the student loan provisions and will keep you updated as we have more information to share. ASDA will report on the provisions of the bill relating to Medicaid, dental education, and public oral health in subsequent issues.
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