Beginning July 1, 2026, there are significant changes scheduled to be being enacted to certain federal loans programs.
Parents of Undergraduate Students
First-time Parent PLUS loan borrowers have new annual and aggregate loan limits. All parents (combined) may borrow up to $20,000 per year per dependent student. The aggregate loan limit is $65,000 per dependent student.
A legacy provision exists, for a limited amount of time, if the student is enrolled in the same program of study in 2026–27 as in 2025–26; and, the parent borrowed and received funds in the Direct Loan Program with a Parent PLUS loan before July 1, 2026.
Graduate Students
The Graduate PLUS loan for graduate and professional students is being eliminated starting July 1, 2026.
A legacy provision exists, for a limited amount of time, if the student is enrolled in the same program of study in 2026–27 as in 2025–26; and, the student borrowed and received funds in the Direct Loan Program prior to July 1, 2026.
Additionally, the aggregate borrowing amount of Federal Direct loans is changing to $100,000 for graduate students, and to $200,000 for law students. Graduate students may borrow up to $20,500 annually and law students up to $50,000.
Loan Proration
Borrowers enrolled less than full-time will only be able to borrow a prorated maximum loan offer based on enrolled hours.
Please visit Federal Student Aid for latest updates
As we learn more about these upcoming changes, we will send communications to students and families.