Parents trying to help their children pay for college may soon find themselves struggling to navigate the updated Federal student loan rules. The massive overhaul of student loans in the One Big Beautiful Bill sets new caps on Parent PLUS Loans, while also cutting off access to affordable income-driven repayment plans.
These changes impacting parents, along with no changes to make college easier to afford for undergraduates, simply puts pressure on parents who are already struggling to help their children pay for college.
Under current rules, Parent PLUS borrowers can take out loans up to the full cost of attendance. However, starting July 1…
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