This week, Craig Siminski, of CMS Retirement Income Planning, shares an article discussing provisions of the One Big Beautiful Bill Act that affect higher education:
New Borrowing Limits and Payment Pause Rules
Parent PLUS Loans: Starting July 1, 2026, Parent PLUS Loans will have a $20,000 annual limit and a $65,000 total limit per dependent student. (Currently, parents can borrow up to the full out-of-pocket cost of their child’s undergraduate education.) There is a grace period for parents of undergraduate students who are currently borrowing under this program.…