Grad PLUS and Parent PLUS Loans Ending Soon — Plan Ahead with MSSNY’s College Ave Partner
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Significant changes to Federal Grad PLUS and Parent PLUS Loans will take effect July 1, 2026, impacting how graduate students and parents fund education. MSSNY’s member benefit College Ave provides flexible private loan options to help bridge the gap as federal borrowing caps tighten.
- Beginning July 1, 2026, new borrowers will no longer be eligible for Federal Grad PLUS Loans, and Parent PLUS Loans will face strict annual and lifetime caps.
- New Limits:
- Grad students: $20,500 (non-professional) or $50,000 (professional) per year
- Parents: $20,000 annually, $65,000 lifetime cap per student
- Borrowers before July 2026 may continue under current rules for up to three additional years.
That’s where MSSNY’s member benefit College Ave can help. College Ave offers private student loans and parent loan options tailored for graduate and professional programs, providing flexibility and transparency that meet physicians’ unique financial needs. With features such as customized repayment options and quick prequalification, College Ave helps physicians and their families secure affordable funding beyond federal limits.
Big Changes Ahead for Grad PLUS and Parent PLUS Loans: Here’s What You Need to Know (College Ave, 9/30).
