https://www.wsj.com/personal-finance/trump-student-loans-tax-spending-bill-9dfc96eb?mod=mhp
Now, the law imposes a series of new borrowing limits. Here’s what is changing on July 1, 2026:
- Graduate loans are capped at borrowing $100,000 for master’s degrees, and $200,000 for professional degrees (law, medical, dental). Currently, students can borrow up to the full cost of attendance minus other aid.
- Parent PLUS loans, which currently let parents borrow up to the full cost of attendance for their child’s undergraduate education, are capped at $20,000 annually, and $65,000 total per child.
- The Graduate PLUS loan program, which allowed graduate students to borrow up to the full cost of attendance, is being eliminated.
