How Trump's Big Beautiful Bill Will Transform Student Loan Borrowing 💸

Attorney Adam Minsky joins Forbes Talks to discus President Donald Trump's "Big Beautiful Bill” and how it will affect borrowing for higher education. <br /><br />Minsky explains the phasing out of income-driven repayment plans , the imposition of caps on Parent PLUS loans , and the profound impact on graduate student financing. Minsky also explores the potential for increased reliance on riskier private loans and the long-term consequences these changes could have on the economy and future workforce.<br /><br />Read the full story on Forbes: https://www.forbes.com/sites/adamminsky/2025/07/15/student-loan-borrowers-do-these-5-things-as-the-big-beautiful-bill-takes-effect/<br /><br />Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br /><br />0:00 - Introduction: The "Big Beautiful Bill's" Unprecedented Student Loan Overhaul<br />3:20 - How This Impacts New Undergraduate Borrowers<br />5:30 - Major Changes for Graduate Students<br />8:20 - The Risks of Private Student Loans<br />9:34 - The One Piece of Good News: Public Service Loan Forgiveness (PSLF)<br />11:47 - Will Universities Change Their Approach?<br />12:45 - Advice for Prospective Students<br />14:02 - Action Items for Current Borrowers<br /><br />Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br /><br />https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br /><br />Stay Connected<br />Forbes newsletters: https://newsletters.editorial.forbes.com<br />Forbes on Facebook: http://fb.com/forbes<br />Forbes Video on Twitter: http://www.twitter.com/forbes<br />Forbes Video on Instagram: http://instagram.com/forbes<br />More From Forbes: http://forbes.com<br /><br />Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.