Last Updated: November 17, 2025
If a student already has a Grad PLUS Loan—or take one out before the cutoff—they are grandfathered in. Borrowers will have a three-year grace period after July 1, 2026, to continue borrowing under the current rules.
Starting July 1, 2026, Parents will be capped at borrowing $20,000 per year with a lifetime borrowing limit of $65,000, per student, under the Parent PLUS loan. This is a change from being about to borrow the full cost of attendance for their student.