Important FAFSA & Financial Aid Eligibility Changes
The One Big Beautiful Bill Act (H.R.1), signed into law on July 4, 2025, enacts changes that affect all student types, including prospective, undergraduate, and graduate students and become effective July 1, 2026. These changes will be effective for the 2026-27 academic year (Fall 2026-Summer 2027), and do not impact the current 2025-26 year (Fall 2025-Summer 2026).
Changes include but are not limited to:
- An end to the Graduate PLUS Loan Program.
- Limiting the Parent PLUS Loan to $20,000 per year.
- Students enrolled less than full-time will have their federal loans prorated to match their enrollment.
- Foreign income will now affect Pell eligibility.
Temple Student Financial Services has provided an easy-to-read webpage with the changes New Tab. The full announcement is available on the Federal Student Aid website New Tab. If you have any questions on how this may affect you, please contact the TUJ Financial Aid Office.