Borrowing rules from July 1, 2026
The 2025 law capped what graduate students, professional students and parents can borrow, and ended Grad PLUS for new borrowers. Students already enrolled may keep the old limits for a while.
Guides
- New federal loan limits from July 1, 2026Grad PLUS ends for new borrowers. Graduate students can borrow $20,500 a year, professional students $50,000, parents $20,000 a year per student. The full table.
- Already in school? The exception that keeps the old loan limitsStudents enrolled on June 30, 2026 who had already borrowed for their program can keep the old limits, including Grad PLUS, for up to three more academic years.