What is the One Big Beautiful Bill Act?
The One Big Beautiful Bill Act – also known as the Working Families Tax Cuts Act – introduces major changes to federal financial aid programs beginning July 1, 2026. Wichita State University’s Office of Financial Aid & Scholarships is actively updating processes as federal guidance is released.
Key Changes at a Glance:
- Parent PLUS Loan limits for new borrowers
- Graduate PLUS Loans discontinued for new borrowers
- Loan reduced for students enrolled less than full-time
- New Pell Grant eligibility rules
- Professional student borrowing caps
- Interim exceptions for PLUS borrowers
WSU Note
All information is contingent and subject to change as the U.S. Department of Education releases additional guidance. More information can be found at wichita.edu/finaidannouncements or https://studentaid.gov/announcements-events/big-updates