Due to the One Big Beautiful Bill Act (OBBA), federal financial aid will undergo a series of impactful changes. These changes will impact all aspects of financial aid for all students.

Lifetime Loan Limit

• New lifetime borrowing limit of $257,500 on all federal student loans. This limit excludes Parent PLUS and Graduate PLUS loan in its calculation. 
• If you borrowed a Federal Direct Loan before July 1st, 2026, you can continue to borrow under the current loan limits for 3 academic years, or for the remainder of your program of study. Whichever is less. 
   

Pell Grant

• Students with a Student Aid Index (SAI) equal to or greater than 14,790 will be ineligible to receive Pell Grant.
• Students who receive grants or scholarships from non-federal sources (institutional, state, or private) that cover their entire cost of attendance (COA) are ineligible to receive a Pell Grant, even if otherwise eligible for the program.
   

Undergraduate Student Loans

• Direct loan amounts will be determined based on enrollment intensity. 
• Estimated Gross Loan Amounts, not accounting for loan origination fee:
   

Dependent Student - First Year in College

Dependent Student - Second Year in College

Independent Student - First Year in College

Independent Student - Second Year in College

Loan Repayment

• Repayment options will be streamlined into two plans: A new tiered standard repayment plan and a new income-driven repayment plan. The new income-driven plan will be called Repayment Assistance Plan (RAP).
• Existing income-contingent repayment plans will sunset in 2028.
   

Parent PLUS Loan

• All parents (combined) may borrow up to $20,000 per year per dependent student.
• Institutes a $65,000 aggerate borrowing cap per dependent student.
• If you borrowed a Federal PLUS Loan before July 1st, 2026, you can continue to borrow under the current loan limits for 3 academic years, or for the remainder of your program of study. Whichever is less.