01/23/2026
The deadline to act centers on massive changes to federal student loans under the One Big, Beautiful Bill Act that Congress passed (and President Trump signed) last summer. The bill eliminates several affordable student loan repayment plan options tied to a borrower’s income, and narrows the pathways to eventual loan forgiveness.
Parent PLUS borrowers, who took out federal student loans to help pay for a child’s undergraduate education, will be among the most severely impacted by the OBBBA’s reforms. And they are running out of time to take action.
Here’s a breakdown of the OBBBA’s changes for Parent PLUS loans, what it means for affordable payments and student loan forgiveness, and why borrowers need to act soon to preserve their options: https://www.forbes.com/sites/adamminsky/2026/01/13/these-borrowers-seeking-student-loan-forgiveness-must-act-by-april-2026/?utm_campaign=ForbesMainFB&utm_source=ForbesMainFacebook&utm_medium=social (Photo: Alex Brandon/Pool via Getty Images)
