Thecollegeinvestor iconThecollegeinvestorSep 2, 2026 ~1 min source read

Parent PLUS Caps At $20,000 A Year, Leaving Cosigners Fewer Options In Year 4

As of July 1, 2026, new Parent PLUS borrowers are capped at $20,000 per dependent student per year and $65,000 for that student's entire undergraduate career. Before this change, Parent PLUS went all the way up to the school's full certified cost of attendance.

Parent PLUS Caps At $20,000 A Year, Leaving Cosigners Fewer Options In Year 4
Read original More from Thecollegeinvestor

Share this story

Send the public story page.

Useful takeaways from this story.

As of July 1, 2026, new Parent PLUS borrowers are capped at $20,000 per dependent student per year and $65,000 for that student's entire undergraduate career.

Before this change, Parent PLUS went all the way up to the school's full certified cost of attendance.

It closed whatever the aid package didn't, and it did so without much scrutiny.

Building the complete brief

The page is ready to read now. The fuller skim-friendly version will appear here automatically.

The useful part

As of July 1, 2026, new Parent PLUS borrowers are capped at $20,000 per dependent student per year and $65,000 for that student's entire undergraduate career. Before this change, Parent PLUS went all the way up to the school's full certified cost of attendance. It closed whatever the aid package didn't, and it did so without much scrutiny.

How it works

  • $20,000 per year doesn't translate to $65,000 if your child attends college for 4 or even 5 years… that's a problem.
  • In partnership with Student Choice, we're going to break down what borrowing for college looks like, and why you may want to consider an education line of credit.

Details worth keeping

For families at expensive schools, that program was the entire plan.

Keep reading in the app

Open the app view to save this story, compare related coverage, and continue from the same source.

Open in app