On July 4, 2025, President Trump signed the One Big Beautiful Bill (OBBB) into law. According to a CNBC article, Sen. Bill Cassidy from Louisiana stated that the bill would lift pressure from taxpayers. “[Former President Joe] Biden and Democrats unfairly attempted to shift student debt onto taxpayers that chose not to go to college,” Cassidy said in a June 10 statement. Debt under $25,000 will be signed into a 10-year debt repayment program. The Repayment Assistance Plan operates much like an income-driven repayment (IDR) plan, with monthly payments determined by the borrower’s earnings and household size.