Big Beautiful Bill: Grad PLUS loans eliminated for new borrowers
Enacted7/10
Federal · H.R.1, One Big Beautiful Bill Act, Pub. L. 119-21 · Jul 4, 2025
Impact 7/10
Eliminates Graduate PLUS loans for new borrowers as of July 1, 2026, with existing borrowers grandfathered for up to three years. New graduate students may borrow only unsubsidized federal loans capped at $20,500 per year ($100,000 aggregate), and professional students such as law and medical students at $50,000 per year ($200,000 aggregate), well below the full cost of attendance at many programs. Remaining costs must be covered by private loans or savings.
EducationYoung adults (18-30)Working-age adultsLow-incomeMiddle-incomeImmigrantsStudents
Sources
✓ Verified against primary sources 2026-08-16