The recent enactment of the One Big Beautiful Bill Act introduces sweeping reforms to federal student loans, potentially leaving borrowers with limited affordable options, according to advocates. With new caps on student loan debt, particularly affecting medical and law students, many are already expressing concerns about the repercussions on access to higher education and future workforce shortages. The bill aims to overhaul repayment structures, restrict borrowing capabilities, and eliminate repayment options, prompting experts to warn of rising default rates. As the August 1 deadline approaches, borrowers are urged to prepare for these significant changes, which could reshape the student loan landscape and impact educational equity across states.