Beginning July 1, 2026, changes to the law affect how much parents can borrow from the Parent PLUS Loan program for their children’s college education and the available repayment options for those loans. There are no changes to how much undergraduate students can borrow. New federal borrowing limits cap the Parent PLUS Loan at $20,000 per year and $65,000 in total, but the law allows for a time-limited exception to new loan limits for currently-enrolled students:

In order for Parent PLUS Loan borrowers to not be subject to the new loan limits:

• The student must remain continuously enrolled in the same program of study at the same institution as they were enrolled as of June 30, 2026, AND
• Either:
  • The parent borrower must have had a Parent PLUS Loan disbursed for that same program before July 1, 2026, OR
  • The student must have had a Direct Loan (subsidized or unsubsidized) disbursed for that same program before July 1, 2026.

For more information please view this PDF.