Changes to Federal Student Loan Programs
Under this new law, federal student loan programs have been updated. New loan limits are established for graduate students, professional students, and parents, and the Graduate PLUS (Grad PLUS) Program is phased out. The Income-Contingent Repayment plans are also being phased out to simplify repayment options. A new Tiered Standard repayment plan option and a new income-driven repayment plan known as the Repayment Assistance Plan have been created. Borrowers in default who have previously rehabilitated a defaulted loan will now have a second chance to do so again. These changes take effect on July 1, 2026.
Before this change, there were multiple repayment plans including Income-Contingent Repayment plans and the Graduate PLUS Program was active.
Under this new law, federal student loan programs have been updated. New loan limits are established for graduate students, professional students, and parents, and the Graduate PLUS (Grad PLUS) Program is phased out. The Income-Contingent Repayment plans are also being phased out to simplify repayment options. A new Tiered Standard repayment plan option and a new income-driven repayment plan known as the Repayment Assistance Plan have been created. Borrowers in default who have previously rehabilitated a defaulted loan will now have a second chance to do so again. These changes take effect on July 1, 2026.
View the original government source for this law change
RELATED CHANGES
May 6, 2026
RELATED FAQS
▸How can I ensure that the Bell Model 505 helicopter operator is compliant with FAA regulations?
To ensure compliance of a Bell Model 505 helicopter operator with FAA regulations, request documentation showing completion of all required actions under the new directive. This includes inspection records and any modifications or operational changes mandated by the FAA. If there are doubts about compliance, you can report these concerns to the FAA for further investigation.
▸What are my rights as a passenger if the Bell Model 505 helicopter I am flying in is not compliant with FAA regulations?
As a passenger, you have the right to travel safely and can refuse boarding if you suspect non-compliance with FAA directives. You should request proof of compliance from the operator before flying. If there are concerns about safety, you may report the issue to the FAA or seek legal advice on your rights as a passenger in such situations.
▸What should I do if my employer forces me to fly in a Bell Model 505 helicopter that does not comply with the FAA directive?
If your employer insists you fly in a Bell Model 505 helicopter that is not compliant with the FAA directive, you have the right to refuse such travel for safety reasons. Document all communications and actions taken by your employer regarding this issue. You can report the situation to the FAA or seek legal advice on potential workplace violations related to unsafe conditions.
▸Can I fly in a Bell Model 505 helicopter if the operator has not complied with the FAA directive?
Flying in a Bell Model 505 helicopter when the operator has not complied with the FAA directive poses significant safety risks. You have the right to refuse such travel and should request proof of compliance from the operator before boarding. If there is no evidence of compliance, it is advisable to seek alternative transportation methods or report the non-compliance to the FAA.