The One Big Beautiful Bill Act brings major student loan changes in 2026 that disproportionately affect borrowers over 40. Parent PLUS loans get capped, income-driven repayment plans are being eliminated, and new borrowers lose access to forgiveness. Act before the June 30, 2026 deadline.
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 …
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