One Big Beautiful Bill Act (H.R.1):
What Stan State Students Need to Know
A new federal law, the One Big Beautiful Bill Act (H.R.1), was signed on July 4, 2025. It changes federal student loan rules starting July 1, 2026 (the 2026–27 aid year). Some federal guidance is still being finalized, but here’s what we know right now — and how it may affect you.
Beginning July 1, 2026:
- Grad PLUS loans will be eliminated for new borrowing
- Graduate loan limits: $20,500 per year, $100,000 total (not including undergrad loans)
- Professional loan limits (for programs like Pharm.D., D.D.S., etc.): $50,000 per year, $200,000 total (not including undergrad loans)
- Parent PLUS limits: $20,000 per year per student, $65,000 total per student
- New overall lifetime federal loan cap: $257,500 (excluding Parent PLUS)
- Part-time enrollment may reduce your loan eligibility
- Federal repayment options may change over time
Possibly.
If you borrowed federal loans before July 1, 2026 and stay in the same degree program, you may qualify for a temporary “legacy” rule. This could allow you to keep borrowing under current limits for:
- Up to three academic years, or
- Until you finish your current degree (whichever comes first)
If you change majors, begin a new degree, or stop attending, the new rules would likely apply immediately.
Because eligibility depends on your personal situation, check with the Financial Aid Office for guidance.
If you’re newly admitted — including transfer students or students starting a new degree — the new loan rules will apply to you right away.
Your unit load (full-time vs. part-time) can affect your financial aid.
Taking fewer units may:
- Reduce your loan eligibility
- Impact some grants or scholarships
Before dropping a class, contact Financial Aid so you understand how it could affect your aid package.
Parent PLUS loans will have new annual and lifetime limits beginning in 2026–27. Plan early if your family intends to use this option.
Grad PLUS loans will no longer be available for new borrowing. Graduate and professional students should review updated loan limits and plan ahead.
- Check your financial aid portal regularly
- Complete all required “To Do List” items
- Plan your course load carefully
- Think ahead about total borrowing
- Explore payment plans, scholarships, and budgeting tools if needed
Most importantly — reach out to the Stan State Financial Aid & Scholarship Office with questions. We’re here to help you plan and stay informed.
Updated: February 20, 2026