1 of 1
Story summary
- The U.S. Department of Education will implement changes to student loans under One Big, Beautiful Bill Act (OBBBA), effective July 1, 2026.
- Parent PLUS loans are capped at $20,000 annually and $65,000 total per student; the Graduate PLUS program is eliminated.
- Borrowers must consolidate Parent PLUS loans by the deadline to keep income-driven repayment plans.
- The Repayment Assistance Plan (RAP) will offer affordable payments but require a minimum monthly payment.
