Washington — President Trump is bringing pomp and circumstance to his signing of the "big, beautiful bill" on Friday, with a 4 p.m. Independence Day ceremony at the White House.

New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.

The 900-page tax and policy package fulfills several key campaign promises but also makes cuts that could boot millions from health care and food assistance programs.