7 Mistakes You’re Making with the New Parent PLUS Loan Caps (and How to Fix Them)

1. Thinking the "Unlimited" Bank is Still Open

The biggest mistake is assuming you can still borrow the "Cost of Attendance" (COA). Starting July 1, 2026, new Parent PLUS borrowers face hard limits: $20,000 per year and a $65,000 lifetime cap per dependent.

If your child’s "dream school" costs $60,000 a year and you were planning to borrow the $40,000 gap annually, the math no longer works. You’ll be $20,000 short every single year

BlogNaphtali BryantApril 20, 2026Parents, Loans, Student Loans