https://carnegieclassifications.acenet.edu/The One Big Beautiful Bill is now law, and colleges are facing a wave of new policies with real consequences for students and campuses. Mushtaq Gunja, Jon Fansmith, and Sarah Spreitzer break down what's coming for student loans, Pell Grants, accountability rules, endowment taxes, and more. Plus, a quick look at what's ahead for FY 2026 federal funding and accreditation.

Here are some of the links and references from this week's show:

Reconciliation

Reconciliation Bill Narrowly Passes Congress ACE | July 3, 2025

Summary: One Big Beautiful Bill Act ACE | July 10, 2025

Trump Signed the 'Big Beautiful Bill.' What's Next? Inside Higher Ed | July 10, 2025 Contains a list of deadlines

What the Republicans' New Policy Bill Means for Higher Education The New York Times (sub. req.) | July 3, 2025

8 Million Federal Student Loan Borrowers Will Soon See Interest Restart The New York Times | July 9, 2025

Senate GOP Plots How to Move Trump's $9.4B Clawbacks Request Politico | July 8, 2025

Carnegie Classifications

College Scorecard

Appropriations

White House FY 2026 Budget Proposal Targets Education, Science, and Civil Rights Funding ACE | May 9, 2025

A Review of the President's Fiscal Year 2026 Budget Request for the Department of Education Senate Appropriations Committee | June 3, 2025

Accreditation

Reforming Accreditation to Strengthen Higher Education White House | April 23, 2025

Education Department Postpones NACIQI Summer Meeting Inside Higher Ed | July 8, 2025

6 States Partner to Launch New Accreditor Inside Higher Ed | June 26, 2025

U.S. Department of Education Expands Accreditation Options for Colleges and Universities Department of Education | May 1, 2025

Trump Administration Threatens Harvard's Accreditation, Seeks Records on Foreign Students Reuters | July 9, 2025