Parent PLUS loans
Coverage of Parent PLUS loans in the Nexus archive.
- Student loan changes take effect with new payment plans, borrowing caps
President Trump's tax and spending bill has introduced new federal student loan changes, including the elimination of the Biden-era SAVE payment plan and the implementation of income-based and tiered repayment options. Future students face stricter borrowing caps, with limits set for master's, professional, and Parent Plus loans. The Department of Education claims these changes will reduce excessive borrowing and pressure institutions to reassess costs.
- What to know ahead of the July 1 student loan shakeup
Student loan repayment plans face significant changes starting July 1, including the end of the SAVE Plan and the introduction of two new repayment options. Borrowers must switch to the Tiered Standard Plan or the Repayment Assistance Plan, with Parent PLUS borrowers facing stricter repayment terms and loan caps.