"When Michigan State University sophomore Zakary Antonelli first heard about how the One Big Beautiful Bill Act would limit the amount of loans students and parents could borrow, he was immediately worried," The Detroit Free Press reports.

... "Historically, Parent PLUS allowed parents “to cover the full cost of attendance (both direct and indirect costs),” according to the National Association of Student Financial Aid Administrators (NASFAA). For parents of undergraduate students, the OBBBA imposed an annual limit of $20,000 and an aggregate limit of $65,000 per dependent student."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 9/5/2026