{"id":2831,"date":"2026-08-21T11:17:16","date_gmt":"2026-08-21T15:17:16","guid":{"rendered":"https:\/\/web.uri.edu\/financial-aid\/?page_id=2831"},"modified":"2026-08-24T11:01:36","modified_gmt":"2026-08-24T15:01:36","slug":"federal-direct-parent-plus-loan-changes","status":"publish","type":"page","link":"https:\/\/web.uri.edu\/financial-aid\/federal-direct-parent-plus-loan-changes\/","title":{"rendered":"Federal Direct Parent PLUS Loan Changes"},"content":{"rendered":"<section class=\"cl-wrapper cl-notice-wrapper\"><div class=\"cl-notice\" data-hash=\"bf1e435b1eccab8904c6f7b2486db6b2\"><h1>Interim Exception <\/h1>\n\n<p class=\"wp-block-paragraph\">If you meet certain requirements, you\u2019ll have a period of time after July 1, 2026, and before the new limits apply during which you might be eligible for a Direct Loan under the pre-OBBBA limits. This is called the \u201cinterim exception.\u201d<\/p>\n\n<\/div><\/section>\n\n<section class=\"cl-wrapper cl-boxout-wrapper\"><div class=\"cl-boxout  \"><h1>Prior Borrowers<\/h1>\n\n<p class=\"wp-block-paragraph\">Current borrowers may be eligible for \u201cinterim exception\u201d and be exempted from the new regulations based on the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The student remains continuously enrolled in the same program at URI <strong>AND<\/strong><\/li>\n\n\n\n<li>The parent has borrowed a Parent PLUS Loan for the student at URI prior to July 1, 2026 <strong>OR<\/strong><\/li>\n\n\n\n<li>The student has borrowed a Federal Direct Student Loan at URI prior to July 1, 2026<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">If these conditions are met the student may continue to borrow under previous Parent PLUS Loan rules. The parent may borrow up to the student\u2019s Cost of Attendance (COA) for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Up to three academic years <strong>OR<\/strong><\/li>\n\n\n\n<li>The remainder of the student\u2019s expected time to complete the program, whichever comes first.<\/li>\n<\/ul>\n\n<\/div><\/section>\n\n<section class=\"cl-wrapper cl-boxout-wrapper\"><div class=\"cl-boxout  \"><h1>New Borrowers and Prior Borrowers Who Exhausted Eligibility<\/h1>\n\n<p class=\"wp-block-paragraph\">New borrowers are parents who have never borrowed a Federal Direct Parent PLUS Loan <strong>OR<\/strong> the student has not borrowed a Federal Direct Student Loan prior to July 1, 2026. Parents who are new borrowers are subject to the new $20,000 annual loan limit.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Annual borrowing limit: $20,000 per academic year per dependent student<\/li>\n\n\n\n<li>Lifetime borrowing limit: $65,000 per dependent student<\/li>\n<\/ul>\n\n<\/div><\/section>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\"><sub><strong>Disclaimer: <\/strong>While the U.S. Department of Education has not yet released final implementation guidance, the University of Rhode Island is monitoring federal updates closely and will revise this page as additional information becomes available. Details below are based on current rules and may change based on federal guidance.<\/sub><\/p>\n\n\n<a class=\"cl-button  \" href=\"https:\/\/web.uri.edu\/financial-aid\/?page_id=2673&amp;preview=true\" title=\"\">back to main page<\/a>","protected":false},"excerpt":{"rendered":"<p>Disclaimer: While the U.S. Department of Education has not yet released final implementation guidance, the University of Rhode Island is monitoring federal updates closely and will revise this page as additional information becomes available. Details below are based on current rules and may change based on federal guidance.<\/p>\n","protected":false},"author":5356,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-2831","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/web.uri.edu\/financial-aid\/wp-json\/wp\/v2\/pages\/2831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web.uri.edu\/financial-aid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/web.uri.edu\/financial-aid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/web.uri.edu\/financial-aid\/wp-json\/wp\/v2\/users\/5356"}],"replies":[{"embeddable":true,"href":"https:\/\/web.uri.edu\/financial-aid\/wp-json\/wp\/v2\/comments?post=2831"}],"version-history":[{"count":5,"href":"https:\/\/web.uri.edu\/financial-aid\/wp-json\/wp\/v2\/pages\/2831\/revisions"}],"predecessor-version":[{"id":2867,"href":"https:\/\/web.uri.edu\/financial-aid\/wp-json\/wp\/v2\/pages\/2831\/revisions\/2867"}],"wp:attachment":[{"href":"https:\/\/web.uri.edu\/financial-aid\/wp-json\/wp\/v2\/media?parent=2831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}