If you’re using the Parent PLUS loan to plan your finances around your student’s college this fall, you’ll notice the new upper limit that the One Big Beautiful Bill Act now enforces.
As we covered when the hard caps took effect, from July 1, 2026, onward, the bill limits borrowing to $20,000 per student per year, with a total limit of $65,000 per student over the course of the whole degree.
The change will become apparent once the 2027-28 FAFSA opens on October 1, and it’s worth starting to plan for it already.
Our earlier piece delves into how you can find more sources of money for college, including scholarships, aid appeals, borrowing conservatively, and net price comparisons.
Here, we’ll look at a complementary strategy: how you can reduce the amount you have to pay for your student’s college fees.
Continue reading Your Parent PLUS Loan Is Capped—Here’s the Lever Parents Can Still Pull