The , passed in 2025, introduced new caps on Parent PLUS Loan borrowing effective for the 2026-27 academic year. Standard limits are now set at $20,000 annually per dependent student and $65,000 over the student’s lifetime.
Do I Qualify for the Temporary Exception?
Parents may borrow in excess of the new limits as a Parent PLUS Loan borrower if their student meets all of the following criteria:
- Enrolled at ÌÇÐÄvlog¹ÙÍø as of June 30, 2026: The student was matriculated in a Bachelor of Arts Degree (AB) Program at ÌÇÐÄvlog¹ÙÍø.
- Remain enrolled at ÌÇÐÄvlog¹ÙÍø after July 1, 2026: and are seeking the same AB credential.
- Borrowed a Federal Direct Loan prior to July 1, 2026: Received at least one student or parent Federal Direct Loan for the AB Program at ÌÇÐÄvlog¹ÙÍø before July 1, 2026.
Temporary interim exceptions remain subject to change and could lead to reduced borrowing limits.
Important Eligibility Notes
Transfer students: Students who borrowed federal loans at a different institution prior to 2026-27 do not qualify for this exception.
The new rules issued by the One Big Beautiful Bill are complex. Parents should contact the Office of Financial Aid at finaid@colgate.edu if they wish to confirm the maximum amount they can borrow in a Parent PLUS Loan.
Please monitor the Federal Student Aid website, .