U.S. Department of Education Provides Mixed Guidance on Grad PLUS Loans and New Student Loan Cap
The U.S. Department of Education is offering conflicting information on whether Grad PLUS loans will count toward the new $257,500 lifetime federal student loan cap, set to take effect in July 2026. This uncertainty complicates financial planning for students and financial aid professionals. The confusion stems from a provision in President Trump's 'big beautiful bill' passed in 2023.
