For years, Parent PLUS filled whatever tuition gap was left over. Starting July 1, it comes with a hard ceiling. What should families do now?

Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government and many lenders. Check with SoFi on what new options might be available, and also consult our Student Loan Hero ...

College costs often exceed the amount families can pay up front and students can borrow. To cover the leftover expenses, many parents take out federal loans in their names. These Parent PLUS loans are easy to qualify for and can ensure a student has the ...

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 ...

Time is running out for Parent PLUS college loan borrowers to access money-saving repayment deals. The deadline is July 1, after which reduced payment options disappear because of provisions in the One Big Beautiful Bill Act of 2025.

WASHINGTON, DC - JULY 04: U.S. President Donald Trump, joined by Republican lawmakers, signs the One, Big Beautiful Bill Act into law. The legislation makes significant changes to student loans, particularly for Parent PLUS borrowers. (Photo by Samuel ...

Some 3.6 million Parent PLUS borrowers nationwide had $116 billion in outstanding debt as of Sept. 30. New borrowers as of July 1 will be subject to the new Parent PLUS Loan annual and aggregate loan limits, which are $20,000 per year and $65,000 in total ...