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Kiplinger
Kiplinger
Business
Sravani Atluri

Parent PLUS Caps Just Changed the Math on Paying for College: How Will You Fill the Gap?

A man holds a handful of pennies with "college fund" written on a small white card on top of the pennies.

If you have a kid heading to college, you have probably half-watched two years of student loan headlines. Forgiveness on, forgiveness off, repayment plans launched and then struck down. Most of it was easy to tune out.

But if you're now sitting down to figure out how to pay next year's bill, you'll discover one of those changes matters a great deal. The Parent PLUS program, the loan most families counted on to cover whatever grants, savings and student loans left behind, now has a limit.

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