How Trump's tax cuts affect federal student aid 

July 8 (Reuters) - U.S. President Donald Trump's new tax and spending measures, which he signed into law on Friday, will hit some students in their pocketbooks when it comes to federal financial aid.

The law will affect the amount that students and their families can borrow, as well as eligibility for Pell Grants, designed to help low-income undergraduate students. It will also put colleges and universities on the hook if their students fail to earn more than they would without a degree. Most changes take effect on July 1, 2026.