More than a year after President Donald Trump pushed through horrible legislation he misnamed the One Big Beautiful Bill, millions of Americans with student loan debt will soon start paying a big bill of their own. A provision in last year’s law that changed how those borrowers repay their student loans will, by our estimate, mean more than $4,000 per year in extra costs for a typical family of four with student debt. Those ballooning payments are a reminder that Trump’s legislation was a betrayal, including of many people who voted him back into office.
The law does three things to wreck the finances of families with student loan debt.
The law does three things to wreck the finances of families with student…