If you borrowed federal student loans for your current undergraduate or graduate program before July 1, 2026, you may continue borrowing under previous loan rules (including Parent PLUS and Grad PLUS, if applicable). • This applies only to your current undergraduate or graduate program. • You cannot opt into or out of the legacy provision. • The legacy provision will last for up to three academic years or until you finish your current program, whichever comes first.
If you remain eligible under the legacy provision: • Your current borrowing limits will remain the same, with an aggregate limit of $138,500 for graduate or professional students. This total includes all federal loans received for undergraduate study.
If you lose legacy eligibility or never borrowed before July 1, 2026: • Undergraduate students: Parent PLUS loans up to $20,000/year (per student) and a total of $65,000
• Graduate students: Up to $20,500/year (unsubsidized loans); $100,000 graduate loan limit; $157,500 aggregate combined limit (undergraduate and graduate) • Professional students: Up to $50,000/year (unsubsidized loans); $200,000 aggregate professional borrowing limit; $257,500 lifetime aggregate cap for all undergraduate/graduate/professional loans
