On July 1, 2026, the federal student loan program will undergo its most significant transformation in decades. Grad PLUS loans will be eliminated, new borrowing caps will take effect, and millions of students will need alternative financing strategies.
Here's what's changing:
The Department of Education is implementing sweeping changes that will fundamentally alter how graduate students, professional students, and parents finance higher education. Changes include:
- Graduate PLUS Loans Eliminated
- New Aggregate Caps
- Parent PLUS Limits
- Part-Time Proration
To help understand the changes and how they may impact you and your family, please download our handy guide.
The changes impact graduate students, parents of undergraduates, professional program students, and part-time students of all levels.
To learn more about the changes, click here. To learn more about student loans, please click here.
