Parent PLUS and some consolidation loans must use the standard plan
What the document says“the Secretary shall require a borrower who has received an excepted loan made on or after such date (including such a borrower who also has an excepted loan made before such date) to repay each excepted loan, including principal and interest on those excepted loans, under the standard repayment plan under subparagraph (A)(i).”
The section requires, from July 1, 2026, a borrower with an excepted loan made on or after that date to repay each excepted loan under the standard plan, with the right to prepay without penalty. An excepted loan is a Federal Direct PLUS Loan made on behalf of a dependent student, or a Federal Direct Consolidation Loan used to pay off an excepted PLUS loan or an excepted consolidation loan. A borrower otherwise repays every loan under the same chosen plan.
What the document actually says“the Secretary shall require a borrower who has received an excepted loan made on or after such date (including such a borrower who also has an excepted loan made before such date) to repay each excepted loan, including principal and interest on those excepted loans, under the standard repayment plan under subparagraph (A)(i).”
One kind of loan must go on the fixed plan. The law calls it an excepted loan.
It covers a parent loan for a child. It also covers some loans that roll others up. The borrower may still pay ahead.
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