Parent PLUS Loan Limits: What You Need to Know
Update: 2025-12-31
Description
Starting July 1, 2026, Parent PLUS loans will be capped at $65,000 lifetime per dependent student or $20,000 per year. This overhaul, part of President Trumps spending bill, will affect new loans only. Existing borrowers can continue under old terms until 2028. New borrowers will lose access to income-driven options. The changes could impact families, especially those with higher incomes, who often borrow more than $20,000 annually. Lower-income parents face steeper debt burdens. The goal is to curb excessive borrowing across programs. Checkout Solipillow.com
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