All of this information is subject to change or delays, as final rules have not been published. This is not intended to be an exhaustive list of all the proposed changes, but instead a high-level summary of a few significant proposed changes.
Federal Loan Changes
Beginning July 1, 2026, there are significant changes scheduled to be 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 some current borrowers, 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 some current borrowers, 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 JD Law students up to $50,000.
All students will also be subject to a new lifetime maximum borrowing limit of $257,500 for all federal student loans combined, excluding Parent PLUS Loans.
Loan Proration
Borrowers enrolled less than full-time will only be able to borrow a prorated maximum loan offer based on enrolled hours.
Federal Pell Grant Changes
Effective with the 2026-27 Academic Year, there are changes scheduled to be enacted to the Federal Pell Grant program.
A "loophole" will be closed that has allowed a limited number of student and families with low incomes, but significant assets, to receive Pell Grants.
Students who receive grants and/or scholarships from non-federal sources that cover their entire cost of attendance will be ineligible to recieve a Pell Grant, even if otherwise eligible for the program.
Please visit Federal Student Aid for latest updates
As we learn more about these upcoming changes, we will send communications to students and families.