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Story summary
- Starting July 1, 2026, federal student loan changes will affect new borrowers and families of high school seniors.
- The One Big Beautiful Bill caps annual Parent PLUS borrowing at $20,000 and total per child at $65,000.
- The measure may hinder middle-to-higher income families who do not qualify for Pell Grants.
- Parent PLUS borrowers must consolidate loans to keep access to income-driven repayment plans, which will be eliminated for non-consolidated loans.
