On July 4, 2025, the President signed the final version of the One Big Beautiful Bill Act (OBBBA) (H.R 1) which included some substantial changes to federal student aid. We are currently reviewing what this legislation means and awaiting additional guidance from the U.S. Department of Education. While it's too soon to know all of the impacts, the ABAC Office of Financial Aid is focused on how these changes could affect students. Most of the financial aid changes are expected to take effect starting July 1, 2026, unless noted otherwise. This information is subject to change as we receive additional information and guidance from the U.S. Department of Education.
Other Helpful Resources:
Flowchart: Ineligibility for Federal Pell Grants Due to Receipt of Non-Federal Financial Assistance
What New Parent Borrowers Need to Know (borrow on or after July 1, 2026)
What Current Parent Borrowers Need to Know (before June 30, 2026)
For a detailed breakdown of all of the changes to federal aid beginning July 1, 2026, click the button below.
Federal Student Aid Changes from the One Bill Beautiful Bill Act (StudentAid.gov)