On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law, resulting in changes to federal student aid programs. The information covered on this page outlines the changes that will go into effect for the 2026-2027 academic year and beyond. Most changes go into effect 7/1/2026.
We know this is a lot of information. We are here to help!
DISCLAIMER:
Some of the information on this page is subject to change as not all of the final regulations for this law have been published by the U.S. Department of Education. Check back regularly for updates.
NOTE: Final Rules for the Federal Direct Loan Program have been published as of May 1st, 2026.
This page was last updated May 8, 2026
What is the OBBBA?
The OBBBA is a law (P.L. 119-21) that makes major changes to federal student aid programs. It changes the eligibility and amounts for Pell Grants, sets new limits for federal student loans (including the phase-out of Graduate PLUS), requires a loan reduction for less than full-time enrollment, and introduces a new income-driven repayment option.
Most changes are scheduled to begin in the 2026–27 academic year. Some implementation details still require federal rulemaking, so we’ll share more information as it becomes available.
Most changes are scheduled to begin in the 2026–27 academic year. Some implementation details still require federal rulemaking, so we’ll share more information as it becomes available.
What’s Changed and How Does it Affect Me?
The chart below summarizes some of the major changes from the OBBBA. Please see the specific sections and help sections below for more details.
| What‘s Changed? | How it Affects You: |
| FAFSA – Small family owned businesses no longer count as assets on the FAFSA | Families with small business will not have that count against their aid eligibility determination. |
| Federal Pell Grant | A) If your Student Aid Index is 2X the maximum Pell, you get no Pell at all unless you meet an Special Rule exception. B) If other scholarships pay for everything (full COA), you get no Pell. C) Money earned abroad counts and can lower or stop Pell. D) Pell eligibility for federal and state approved Workforce Programs. |
| Federal Direct Loan Borrowing | Loans reduce if you are not enrolled full‑time or if you withdraw/drop classes. You also can’t take the whole loan in one semester anymore. New lower loan limits for parents, grad, and audiology students means you can borrow less over time. There’s now a lifetime loan cap — even if you paid old loans off, you will not be able to borrow more once you reach that cap. See the Loan Limits Chart below. Students/Families that borrowed before 7/1/26 might be exempt from the new loan limits for no more than three years. |
| Federal Loan Repayment, Rehabilitation, Forbearance, Deferment and Forgiveness | Only two repayment plan options are available starting 7/1/2026. Defaulted loans can be rehabilitated twice instead of once (starting 7/1/2027). Loan Forbearance reduced from 9 to 12 months starting 7/1/2027. Economic/unemployment hardship deferment option removed as of 7/1/2027. Changes to Loan Forgiveness. |
FAFSA Changes
Changes to the FAFSA – Asset Exemption
Family farms, family-owned small businesses and family owned fisheries are excluded as assets when determining eligibility for federal financial aid if they employ less than 100 people.
Federal Pell Grant Program
Changes to the Federal Pell Grant
Starting 7/1/2026 (for the 2026-2027 academic year and beyond):
A) Students with an SAI (Student Aid Index) that exceeds twice the maximum Pell Grant amount are no longer eligible for minimum Pell. For example, if the maximum Pell grant is $7,395 a student with an SAI of 14,790 or higher will not be eligible for a Pell grant. There is an exception for students whose parents were service members or public safety officers and died in the line of duty).
B) Students who receive grants or scholarships from non-federal sources (like a scholarship from the state or college) covering their entire cost of attendance (COA) are ineligible to receive a Pell Grant, even if otherwise eligible for the program.
C) Foreign income from the foreign earned income exclusion reported on a U.S. tax return will be included in the income used to calculate maximum Pell Grant eligibility.
A) Students with an SAI (Student Aid Index) that exceeds twice the maximum Pell Grant amount are no longer eligible for minimum Pell. For example, if the maximum Pell grant is $7,395 a student with an SAI of 14,790 or higher will not be eligible for a Pell grant. There is an exception for students whose parents were service members or public safety officers and died in the line of duty).
B) Students who receive grants or scholarships from non-federal sources (like a scholarship from the state or college) covering their entire cost of attendance (COA) are ineligible to receive a Pell Grant, even if otherwise eligible for the program.
C) Foreign income from the foreign earned income exclusion reported on a U.S. tax return will be included in the income used to calculate maximum Pell Grant eligibility.
Pell Eligibility for Workforce Programs
Expands Pell Grant eligibility to certain eligible short-term, career-focused programs that are more than 8 weeks but less than 15 weeks.
Students do not need a high school diploma to be eligible for Pell in these programs.
Students with a prior bachelor’s degree but who do not have a master’s degree or higher can also be eligible for Pell for these programs provided they have not reached their maximum Pell Lifetime Eligibility Used (LEU).
Eligible programs must be approved by NY State, MSCHE and the U.S Department of Education before they are deemed Pell eligible.
Students cannot receive Pell for a bachelor’s degree program and Workforce program simultaneously. Receiving a Pell Grant for a workforce program counts toward the student’s overall Pell Lifetime Eligibility Used (LEU).
Final rules for this program have not been published. Check back here for more information as to if and when eligible programs will be available at Brooklyn College under this new provision.
Students do not need a high school diploma to be eligible for Pell in these programs.
Students with a prior bachelor’s degree but who do not have a master’s degree or higher can also be eligible for Pell for these programs provided they have not reached their maximum Pell Lifetime Eligibility Used (LEU).
Eligible programs must be approved by NY State, MSCHE and the U.S Department of Education before they are deemed Pell eligible.
Students cannot receive Pell for a bachelor’s degree program and Workforce program simultaneously. Receiving a Pell Grant for a workforce program counts toward the student’s overall Pell Lifetime Eligibility Used (LEU).
Final rules for this program have not been published. Check back here for more information as to if and when eligible programs will be available at Brooklyn College under this new provision.
Federal Direct Loan Program
Federal Direct Loan Schedule of Reduction (SOR)
Direct Loans are Reduced for Less than Full-Time Enrollment
The OBBBA requires Brooklyn College to adjust annual Federal Direct loan amounts based on the percent of full-time status that you are enrolled.
Students who are enrolled less than half-time as defined by their academic program type are not eligible for a Federal Direct loan disbursement.
Students who are enrolled less than half-time as defined by their academic program type are not eligible for a Federal Direct loan disbursement.
How does this affect me?
If you are enrolled less than full-time for your academic program, your annual Federal Direct loan amount will be reduced on the basis of the percentage of your enrollment that is less than full-time.
This means that:
A) Federal loans are now treated as annual loans tied to enrollment for the full academic year.
B) No more than 50% of your annual loan eligibility may be disbursed for a single term.
C) If enrollment changes mid-year (e.g. you withdraw or enroll less than full-time in the 2nd semester), remaining loan disbursements must be adjusted in the following semester to reflect the updated academic year enrollment.
D) Students who are enrolled less than full-time for Fall/Spring combined will have their loans adjusted in the 2nd semester. See Enrollment Definitions by Program Type below for more information how this changes by program type.
This means that:
A) Federal loans are now treated as annual loans tied to enrollment for the full academic year.
B) No more than 50% of your annual loan eligibility may be disbursed for a single term.
C) If enrollment changes mid-year (e.g. you withdraw or enroll less than full-time in the 2nd semester), remaining loan disbursements must be adjusted in the following semester to reflect the updated academic year enrollment.
D) Students who are enrolled less than full-time for Fall/Spring combined will have their loans adjusted in the 2nd semester. See Enrollment Definitions by Program Type below for more information how this changes by program type.
Which Loans get adjusted by the Schedule of Reduction?
All Federal Direct Loans, except the Parent Plus loan, are subject to this reduction requirement.
Get Help and Plan Ahead
The loan Schedule of Reduction (SOR) can be very complicated and different for each student based on prior borrowing history, enrollment specifics, financial need, other aid on your financial aid package, exceptions to certain rules and other factors.
We recommend that students who want to know their loan options and who are enrolled less than full-time or who already have loans and are planning on withdrawing schedule an appointment with a financial aid advisor for guidance.
We recommend that students who want to know their loan options and who are enrolled less than full-time or who already have loans and are planning on withdrawing schedule an appointment with a financial aid advisor for guidance.
Schedule of Reduction Examples
Example 1: Student Less Than Full-Time Fall and Spring
$3,500 is the subsidized loan annual maximum for a Freshman undergraduate student.
A student enrolled in 6 credits per term (12 credits for the year which is half of the 24 credit annual amount to be full-time) is eligible for a maximum of $1,750 in subsidized loans for the year.
This is a subsidized loan borrowing maximum of $875 per term.
(NOTE: the amount will still be further reduced by the loan origination fee at the time of disbursement).
A student enrolled in 6 credits per term (12 credits for the year which is half of the 24 credit annual amount to be full-time) is eligible for a maximum of $1,750 in subsidized loans for the year.
This is a subsidized loan borrowing maximum of $875 per term.
(NOTE: the amount will still be further reduced by the loan origination fee at the time of disbursement).
Example 2: Student Full-Time Fall and Part-Time Spring
$3,500 is the subsidized loan annual maximum for a Freshman undergraduate student.
Student is enrolled in 15 credits in the fall and 6 credits in the spring. This is 21/24 credits.
The maximum the student can borrow in subsidized loans for the year is $3,062.50.
The student can be packaged with:
$1,750 in the fall and $1,312.50 in the spring.
This is because the additional 3 credits taken in the fall count towards the annual amount.
Student is enrolled in 15 credits in the fall and 6 credits in the spring. This is 21/24 credits.
The maximum the student can borrow in subsidized loans for the year is $3,062.50.
The student can be packaged with:
$1,750 in the fall and $1,312.50 in the spring.
This is because the additional 3 credits taken in the fall count towards the annual amount.
Example 3 – Student withdraws in Fall and is Full-Time in Spring
$3,500 is the subsidized loan annual maximum for a Freshman undergraduate student.
Student is enrolled in 12 credits in the fall, receives the fall loan disbursement and then withdraws down to 6 credits.
Student enrolls for 12 credits in the spring.
The total enrollment for the year after the withdrawal is 18/24 credits (12-6 = 6 for fall, 12 credits spring + 6 fall = 18). This creates an annual subsidized loan maximum of $2,625.
The student already received $1,750 in the fall. This leaves $875 available for spring. Even though the student is enrolled full-time in the spring they will receive a smaller spring loan disbursement due to the withdrawal from fall and the higher fall disbursement that already occurred.
Student is enrolled in 12 credits in the fall, receives the fall loan disbursement and then withdraws down to 6 credits.
Student enrolls for 12 credits in the spring.
The total enrollment for the year after the withdrawal is 18/24 credits (12-6 = 6 for fall, 12 credits spring + 6 fall = 18). This creates an annual subsidized loan maximum of $2,625.
The student already received $1,750 in the fall. This leaves $875 available for spring. Even though the student is enrolled full-time in the spring they will receive a smaller spring loan disbursement due to the withdrawal from fall and the higher fall disbursement that already occurred.
Enrollment Definitions by Degree Type
What is Considered Full-Time Enrollment?
Undergraduate Students – 12 credits per semester, 24 credits per year
Graduate Students – 9 credits per semester, 18 credits per year
Doctoral Audiology Students – 7 credits per semester, 14 credits per year
Graduate Students – 9 credits per semester, 18 credits per year
Doctoral Audiology Students – 7 credits per semester, 14 credits per year
What is Considered Half-Time?- Minimum Enrollment to Borrow a Direct Loan
Undergraduate Students – 6 credits per semester
Graduate Students – 5 credits per semester
Doctoral Audiology Students – 4 credits per semester
Graduate Students – 5 credits per semester
Doctoral Audiology Students – 4 credits per semester
Changes to Federal Direct Loan Limits
Loan Limits Chart:
Pre-OBBBA & Limited Exceptions VS. After 7/1/2026
| Loan Type | Before 7/1/2026 and Limited Exceptions | After 7/1/2026 |
| Undergraduate subsidized and unsubsidized annual and aggregate loan limits | See chart | No Change, except that new Lifetime Limit applies (see below). |
| Graduate and Audiology Unsubsidized Annual Loan Limit | $20,500 | No Change |
| Graduate and Audiology Aggregate Limit | $138,500 | $100,000 – See “Limited Exceptions to Loan Limits” section below for more details. |
| Graduate PLUS Loan | Up to Cost of Attendance minus Other Financial Aid | Eliminated -Program no longer available for new borrowers. See “Limited Exceptions to Loan Limits” section below for more details. |
| Parent PLUS Loan | Up to Cost of Attendance minus Other Financial Aid | $20,000 (parents combined) per year per dependent student. $65,000 aggregate per dependent student. See “Limited Exceptions to Loan Limits” section below for more details. |
| Lifetime Limit | N/A | $257,000 includes all federal direct loan borrowing (even Grad Plus) across all degrees and programs except Parent PLUS and consolidation loans (see section above) even if loans were repaid or discharged in the past. See “Limited Exceptions to Loan Limits” section below for more details. |
What has and has not changed?
For graduate and professional students there is a change in the aggregate loan amount. See the loan limits table below for more information.
Loan limits for undergraduate students have not changed except for the new lifetime limit (see below).
The new lifetime limit applies to all federal direct loan borrowers except for loans under the Parent Plus program, which have their own limits.
Loan limits for undergraduate students have not changed except for the new lifetime limit (see below).
The new lifetime limit applies to all federal direct loan borrowers except for loans under the Parent Plus program, which have their own limits.
What Are Loan Limits?
Annual loan limit—The maximum loan amount you can borrow each academic year.
Aggregate loan limit—The maximum amount of unpaid principal balance minus any capitalized interest that you can have outstanding at any point in time on all of your subsidized and unsubsidized loans for undergraduate, graduate, or professional study.
Lifetime Limit – New! See below.
Aggregate loan limit—The maximum amount of unpaid principal balance minus any capitalized interest that you can have outstanding at any point in time on all of your subsidized and unsubsidized loans for undergraduate, graduate, or professional study.
Lifetime Limit – New! See below.
NEW! – Lifetime Limit
A new lifetime Federal Direct loan limit of $257,500 for all Federal Direct student loans (excluding Parent PLUS and consolidation loans) borrowed for all levels of study for new borrowers as of 7/1/2026.
This lifetime limit counts even if loans were paid off previously or discharged. This is the maximum a student can borrow for their entire lifetime across all Federal Direct loan programs.
NOTE: graduate students who borrowed from the Graduate PLUS loan program or who borrowed subsidized loans prior to 2010 will have that borrowing applied towards their lifetime limit.
This lifetime limit counts even if loans were paid off previously or discharged. This is the maximum a student can borrow for their entire lifetime across all Federal Direct loan programs.
NOTE: graduate students who borrowed from the Graduate PLUS loan program or who borrowed subsidized loans prior to 2010 will have that borrowing applied towards their lifetime limit.
Limited Exceptions to Loan Limits
Students who are eligible for the limited exception may continue to borrow under the pre-OBBBA limits under the following conditions:
1) Borrowed a Federal Direct Loan before July 1, 2026.
2) Exception is valid for up to 3 academic years or until degree completion (based on the published scheduled number of years for the program), whichever comes first.
3) Must remain continuously enrolled Fall/Spring in a minimum of 6 credits per semester, at Brooklyn College in the same program. For graduate students this must be the same program of study (i.e. not a different master’s degree).
4) Taking a semester off will end eligibility for this exception.
Learn more about the loan limits exception on the FSA Website.
1) Borrowed a Federal Direct Loan before July 1, 2026.
2) Exception is valid for up to 3 academic years or until degree completion (based on the published scheduled number of years for the program), whichever comes first.
3) Must remain continuously enrolled Fall/Spring in a minimum of 6 credits per semester, at Brooklyn College in the same program. For graduate students this must be the same program of study (i.e. not a different master’s degree).
4) Taking a semester off will end eligibility for this exception.
Learn more about the loan limits exception on the FSA Website.
I Borrowed Before 7/1/2026 can I Opt in to the New Loan Limits?
No. The rules require that students who are eligible under the exception follow the Pre-OBBBA limits and PLUS loan eligibility criteria, unless and until the exception criteria no longer applies to them.
Changes to Loan Repayment, Deferment, Forbearance and Public Service Loan Forgiveness (PSLF)
Changes to Loan Repayment
Certain loan repayment plans (IBR,PAYE,SAVE) are being phased out and will transfer either to a standard tiered repayment plan or Repayment Assistance Plan (RAP). Learn more about the coming changes on the Federal Student Aid OBBBA updates page under the “Common Questions and Answers” section.
Learn more about both the Tiered Plan and RAP plan on the OBBBA definitions webpage.
Learn more about both the Tiered Plan and RAP plan on the OBBBA definitions webpage.
Changes to Public Service Loan Forgiveness
Changes are coming to Public Service Loan Forgiveness depending on when you first borrowed. Learn more about the coming changes on the Federal Student Aid OBBBA updates page under the “Public Service Loan Forgiveness (PSLF) Borrower Scenarios” section.
NOTE: Payments made while enrolled in the Tiered Standard Plan are not considered qualifying payments for PSLF or Temporary Expanded Public Service Loan Forgiveness (TEPSLF).
NOTE: Payments made while enrolled in the Tiered Standard Plan are not considered qualifying payments for PSLF or Temporary Expanded Public Service Loan Forgiveness (TEPSLF).
Loan Rehabilitation
Effective July 1, 2027 – Borrowers will be able to rehabilitate a defaulted loan twice, instead of once. The minimum rehabilitation payment for Direct Loans changes to $10.
An attempt to rehabilitate a loan that does not result in the loan returning to good standing does not count against the two lifetime rehabilitation attempts nor does participation in the Fresh Start program.
An attempt to rehabilitate a loan that does not result in the loan returning to good standing does not count against the two lifetime rehabilitation attempts nor does participation in the Fresh Start program.
Forbearance
Effective July 1, 2027 – Loan Forbearance will be for 9 months instead of 12.
Economic Hardship Deferment
Effective July 1, 2027 – Economic hardship and unemployment deferments will no longer be available for new borrowers.
Help for Undergraduate Students
Does Withdrawing From Courses Affect my Loan Eligibility?
Yes. If, as the result of a withdrawal or drop, a student falls below less than full-time (12 credits per term, 24 per year) a future loan disbursement may be reduced.
What are the Undergraduate Direct Loan Limits – Subsidized and Unsubsidized loans.
What are the Parent PLUS loan limits?
All parents (combined) may borrow $20,000 per year per dependent student and a $65,000 aggregate limit per dependent student (without regard to amounts forgiven, repaid, or discharged).
See the “What is the Limited Exception for Parent Plus Loans?” Q and A below to learn which parent borrowers may still be able to borrow under the Pre-OBBBA rules.
See the “What is the Limited Exception for Parent Plus Loans?” Q and A below to learn which parent borrowers may still be able to borrow under the Pre-OBBBA rules.
What is the Limited Exception for Parent Plus Loans?
Parents are not subject to the new PLUS loan limits for up to three academic years or the remainder of the student’s expected time to credential, whichever is less if:
1) The student remains continuously enrolled as an undergraduate at Brooklyn College.
2) The parent had a Parent PLUS Loan disbursed before July 1, 2026 OR the student had a direct loan disbursed before July 1, 2026 at Brooklyn College for the current undergraduate degree.
NOTE: Students can change undergraduate majors and parents can still be eligible for the exception. However, if a student graduates and reenrolls with a new undergraduate degree, that program will not be eligible for the exception.
Parents eligible under the limited exception provision could borrow based on Pre-OBBBA rules which allow borrowing up to the Cost of Attendance minus any other financial aid on the aid package.
For more information visit Parent PLUS Loan Borrower Scenarios on the Federal Student Aid OBBBA webpage.
Learn more about the Limited Exception of the FSA website.
1) The student remains continuously enrolled as an undergraduate at Brooklyn College.
2) The parent had a Parent PLUS Loan disbursed before July 1, 2026 OR the student had a direct loan disbursed before July 1, 2026 at Brooklyn College for the current undergraduate degree.
NOTE: Students can change undergraduate majors and parents can still be eligible for the exception. However, if a student graduates and reenrolls with a new undergraduate degree, that program will not be eligible for the exception.
Parents eligible under the limited exception provision could borrow based on Pre-OBBBA rules which allow borrowing up to the Cost of Attendance minus any other financial aid on the aid package.
For more information visit Parent PLUS Loan Borrower Scenarios on the Federal Student Aid OBBBA webpage.
Learn more about the Limited Exception of the FSA website.
Will my Parent’s PLUS Loan Borrowing Count Against My Lifetime Borrowing limit?
No. The Parent PLUS loan does not count towards a student’s lifetime borrowing.
HELP! – I am an undergraduate student and I need guidance.
Undergraduate students who are unsure of how their enrollment, financial need or borrowing history will affect their loan eligibility are encouraged to schedule a financial aid planning appointment with a financial aid advisor.
Help for Graduate & Audiology Students
Does withdrawing from courses affect my loan eligibility?
Yes. If, as the result of a withdrawal or drop, a student falls below less than full-time (9 credits per term/ 18 credits per year for graduate students 7 credits per term or 14 per year for AuD students) a future loan disbursement may be reduced.
What do I need to know about the Unsubsidized Loan for Graduate or Audiology Programs?
There has been no change to the annual amount of $20,500 for graduate or audiology students.
There is a new aggregate limit of $100,000 for graduate programs for new borrowers as of 7/1/2026.
Students who meet the limited exception (see below) for the duration of the exception timeframe have the original aggregate amount of $138,500.
Students pursuing a federally defined professional degree for the purposes of direct loan borrowing (e.g. Law, Medicine, Dentistry etc.) can borrow up to $50,000 annually in those programs and $200,000 in aggregate.
Doctoral Audiology students are not defined in the law as “professional students” for the purpose of the federal direct loan program and are subject to the same loan limits as graduate students.
There is a new aggregate limit of $100,000 for graduate programs for new borrowers as of 7/1/2026.
Students who meet the limited exception (see below) for the duration of the exception timeframe have the original aggregate amount of $138,500.
Students pursuing a federally defined professional degree for the purposes of direct loan borrowing (e.g. Law, Medicine, Dentistry etc.) can borrow up to $50,000 annually in those programs and $200,000 in aggregate.
Doctoral Audiology students are not defined in the law as “professional students” for the purpose of the federal direct loan program and are subject to the same loan limits as graduate students.
Is the Graduate PLUS Loan still available for Graduate and Doctoral Audiology Students?
The Graduate Plus Loan is eliminated for new borrowers or those that change their graduate degree (e.g. go from History to Philosophy) or were not continuously enrolled in the same program at Brooklyn College as of 7/1/2026.
See the “What is the Limited Exception for Graduate Loans?” Q and A below for who may still qualify for this loan program.
See the “What is the Limited Exception for Graduate Loans?” Q and A below for who may still qualify for this loan program.
What is the Limited Exception for Graduate Loans?
Students are not subject to the new loan limits for up to three academic years or the remainder of their expected time to credential, whichever is less if:
1) They remain continuously enrolled in the same program of study at Brooklyn College
AND
2) They received a Direct Loan for that program of study prior to July 1, 2026.
Students eligible for the limited exception described above are subject to the $138,500 aggregate maximum and may receive a Graduate PLUS loan (for up to three academic years or the remainder of their expected time to credential, whichever is less) are still subject to the schedule of reduction.
Since the Graduate PLUS annual amount is based on Cost of Attendance minus Other Financial Aid, the amount of Graduate PLUS loan eligibility by schedule of reduction will vary greatly from student to student.
Learn more about the Limited Exception on the FSA website.
1) They remain continuously enrolled in the same program of study at Brooklyn College
AND
2) They received a Direct Loan for that program of study prior to July 1, 2026.
Students eligible for the limited exception described above are subject to the $138,500 aggregate maximum and may receive a Graduate PLUS loan (for up to three academic years or the remainder of their expected time to credential, whichever is less) are still subject to the schedule of reduction.
Since the Graduate PLUS annual amount is based on Cost of Attendance minus Other Financial Aid, the amount of Graduate PLUS loan eligibility by schedule of reduction will vary greatly from student to student.
Learn more about the Limited Exception on the FSA website.
I Received a Federal Direct Loan Prior to 7/1/2026 am I Eligible for the Exception?
It depends. If you are continuously enrolled at least half-time in the same graduate program then you would be eligible for the limited exception rules.
If you have exceeded more than three years of the established program length you would not be eligible for the exception.
If this is a new Master’s degree or new advanced certificate program you would not be eligible for limited exceptions and new borrowing limits and Grad PLUS loan ineligibility would apply.
If you have exceeded more than three years of the established program length you would not be eligible for the exception.
If this is a new Master’s degree or new advanced certificate program you would not be eligible for limited exceptions and new borrowing limits and Grad PLUS loan ineligibility would apply.
Will my Graduate Plus Loan Borrowing Affect my Lifetime Limit?
Yes. Loans borrowed under the Graduate PLUS program are included in the new lifetime limit. If you have graduate PLUS loan borrowing from prior years and are not eligible for the limited exception it is possible that you may no longer be able to borrow form any federal direct loan program if your total borrowing exceeds the new lifetime limit.
HELP! – I am a graduate student and I need guidance.
If you are unsure if you qualify for Graduate PLUS loan review the Federal Student Aid OBBBA Updates page to see if the exception applies to you.
If you are still unsure or want to plan out your loan usage and better understand your eligibility or have more questions we recommend you schedule a financial aid planning appointment with a financial aid advisor.
If you are still unsure or want to plan out your loan usage and better understand your eligibility or have more questions we recommend you schedule a financial aid planning appointment with a financial aid advisor.