"The One Big Beautiful Bill Act includes a provision allowing anyone who has already secured a Grad PLUS loan by July 1 to be grandfathered in to receiving the loan for the following three years, or until they finish the program."
"Colleges nationwide are contending with the elimination of Grad PLUS loans, a federal loan for students capped at the cost of attendance."
"Along with the elimination of Grad PLUS, the OBBBA also capped federal loans for most graduate programs at $100,000 and a handful of professional programs at $200,000 for students starting after the July 1 deadline."
"Institutions are searching for ways to help students afford their programs, with some establishing agreements with preferred private lenders and others launching their own loan programs."
The end of Grad PLUS loans is prompting institutions to encourage incoming students to start their programs early. The One Big Beautiful Bill Act allows students who secure a Grad PLUS loan by July 1 to retain it for three years. Colleges are responding to the elimination of these loans by forming agreements with private lenders and creating their own loan programs. The legislation passed in July 2025, and institutions are racing to adapt to the new regulations.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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