One Big Beautiful Bill Act: Parent PLUS Direct Loan updates
Important Disclaimer
- Northeastern State University does not have the ability to grant exceptions to federal regulations, including those concerning enrollment, Legacy provisions, or federal loan eligibility.
- This information is based on the current understanding as they relate to federal student financial aid and can be subject to change with little notice. We will continue to update this page as additional guidance is received from the U.S. Department of Education.
The One Big Beautiful Bill Act (H.R.1) was signed into law by President Trump on July 4, 2025. For students, families, and institutions like Northeastern State University, this bill results in significant changes to federal aid (Title IV) programs. Some of those changes impact the Federal Parent PLUS Direct Loans available for undergraduate students and their parents.
Current Limits (before July 1st, 2026)
| Annual Limit: Determined by the formula “Cost of Attendance- Other Aid (grants, scholarships, outside resources, loans) |
| Aggregate or lifetime loan limit: No limit |
| Eligibility: Based on the student’s enrollment and a minimal credit check on the parent applicant |
Changes Effective after July 1st, 2026
| Annual Limit: $20,000 per student (combined from all parents) |
| Aggregate or lifetime loan limit: $65,000 per student |
| Legacy Provision: Students with any existing Direct Loan may continue borrowing for up to 3 years or for the remainder of their expected time to complete the program, within the published length of time to do so, whichever is less. |
| New Borrowers: Must seek alternative funding if limits are exceeded |