July 1, 2026 changes everything for student loan borrowers. Parent PLUS borrowers must consolidate before that date to keep IDR and PSLF. SAVE is dead. Collections are returning. A student loan attorney with 17 years of experience answers the 10 questions every borrower needs answered.
Quick Answer: Parent PLUS loans will no longer be available after June 30, 2026, and existing borrowers will lose access to Public Service Loan Forgiveness and most income-driven repayment plans. Parents should act before this deadline to secure current benefits, as new regulations will impose a likely $50,000 lifetime borrowing cap per child and eliminate …
Quick Answer: The 2025 College Cost Reduction Act proposes major restrictions to federal student aid, including eliminating Public Service Loan Forgiveness for new borrowers and capping forgiveness at $30,000 after 20 years. The changes also remove interest subsidies on undergraduate loans and reduce borrowing limits for graduate students.If you’re a student, parent, or borrower wondering …
Quick Answer: Parent PLUS loans are federal undergraduate loans that make parents solely financially responsible while benefiting the child, similar to co-signing. A NerdWallet poll found 34% of Parent PLUS borrowers lack confidence in resuming payments when the federal pause ends, with many risking retirement savings.Parents trying to do a good thing and send their …
Quick Answer: Parent PLUS loans help families pay for college but have become predatory, with 60% of borrowers from low-income households despite targeting affluent families. Default rates reach 30-40% at some schools, with high costs of 6.28% interest plus 4.22% upfront fees.Years ago, I was strolling along a lakeside hiking trail in a Dallas-area park. …
Did this conversation help?
Thank you. I'm glad you reached out.
You took an important step today. Come back any time.
Think of this as me — just in AI form. I've walked in your shoes. I filed bankruptcy myself in 1990, and in over 30 years of experience I haven't seen a situation that can't be worked through or a person who deserves judgment. Everything here is built on that experience, that research, and genuine care for you. I can't be there in person. But I can be here.
Conversations are saved anonymously. Personal details are automatically removed before storage. This is an AI — not a financial advisor, attorney, or therapist.
Not sure where to start?
Been here before?
