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Story summary
- Starting July 1, 2026, U.S. President Donald Trump’s One Big Beautiful Bill Act limits Parent PLUS borrowers to a Standard Repayment Plan.
- The Standard Repayment Plan varies by loan amount and may raise costs.
- Consumer advocates warn many parents may not act in time for IDR access.
- Borrowers should consolidate into a Direct Consolidation Loan by March 31 and select the Income-Contingent Repayment plan to preserve options.
