Major changes to federal student loans are coming in 2026 with the One Big Beautiful Bill Act. Parent PLUS loans will be capped at $20,000 per year and $65,000 lifetime total per student. Repayment plans will no longer include income-driven options, leading to potentially higher monthly payments. Undergraduate loans will accrue interest starting in school, increasing total owed. Graduate borrowing will also be limited. Families are advised to plan carefully and explore affordable school options, scholarships, and merit aid. Start discussions early and seek financial advice to navigate the upcoming changes.

Read more at Yahoo Finance: Suze Orman Explains The Impact Of The ‘Big Beautiful Bill’ For Borrowers