If you borrowed a Parent PLUS Loan to help your child pay for college, recent federal changes may affect your repayment options.

For many Parent PLUS borrowers, access to lower-cost repayment plans and Public Service Loan Forgiveness (PSLF) now depend on whether your loans complete a consolidation by June 30, 2026, and whether you take out new federal loans in the future.

Looking for the full details?
EVERYTHING Parent PLUS Borrowers Need to Know Before and After July 1, 2026

If You Applied to Consolidate Your Loans

If you applied to consolidate your Parent PLUS Loans the consolidation must actually be processed and disbursed by the June 30, 2026, deadline. Keep an eye on emails, letters, and messages from your loan servicer.

You should be hearing about the status of your consolidation and any next steps you may need to take. You can also contact your loan servicer or check your account at studentaid.gov.

If You Did Not Consolidate Your Loans

Borrowers with unconsolidated Parent PLUS Loans on or after July 1, 2026, will have fewer repayment options and lose access to Public Service Loan Forgiveness going forward.

Because every borrower’s situation is different, it is important to understand what loans you have and what options are available to you.

Thinking About Taking Out New Parent PLUS Loans?

Parent PLUS Loans taken out after July 1, 2026, will reduce your repayment options.

Before borrowing again, make sure you understand how new loans could affect your overall repayment strategy.

Know Your Loans Checklist

☐ Review details of your federal student loans in your studentaid.gov account
☐ Confirm if you have unconsolidated Parent PLUS Loans
☐ Confirm if your Parent Plus loan(s) were consolidated into a new Direct Consolidation Loan
☐ Confirm who your loan servicer(s) are and watch for messages from them.
☐ Visit the Student Loan Hub for updates and guidance.

The One Philly Student Loan Hub is here to help Philadelphians find clear, reliable information about student loans and repayment options.