“Our son makes $45,000 a year and has no immediate prospects for significantly increasing his income.” ...

But new federal rules usher in two major changes to Parent PLUS loans. First, parent borrowing will now be capped at $20,000 per year and $65,000 total for each student. Second, parents will no longer ...

Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government and many lenders. Check with SoFi on what new options might ...

Parent PLUS loans at 8.94% generate $13,410 in annual interest on $150,000. The balance balloons to $175,000 without aggressive repayment. Ramsey advises debt snowball method treating all $170,000 as ...

The government is closing a loophole in the Parent PLUS federal loan program, where borrowers will no longer qualify for ...

Eventually, the changes will streamline the system and reduce the number of repayment options, but right now, trying to ...

Thanks to President Trump’s One Big Beautiful Bill Act, those with existing Parent PLUS loans who don't consolidate before ...

Major changes are coming to federal student loans on July 1, 2026. Learn about the new caps on Parent PLUS loans and the elimination of the Grad PLUS program.

When parents take out federal loans to help students pay for college, the government doesn't offer quite as favorable terms as it does when it's providing loans directly to students.

There are four types of federal student loans: subsidized, unsubsidized, PLUS and consolidation loans. Many changes are coming to federal student loans in 2026, including the elimination of Graduate ...