Overview
Students beginning undergraduate enrollment on or after July 1, 2026 will enter a revised federal borrowing system established under the One Big Beautiful Bill Act (OBBBA).
Parent PLUS Loan Changes
New Parent PLUS borrowers will be limited to:
- $20,000 per academic year
- $65,000 lifetime maximum per dependent student
Additional Changes
- Students enrolled in fewer than 12 credits will receive prorated annual loan eligibility and see a reduced annual loan eligibility (including Parent PLUS)
Planning Ahead
Families are encouraged to review financing plans early and explore scholarship, payment plan, and alternative student loan options.
