Parent PLUS Loan Fairness and Responsibility Act of 2026

This bill would let a parent transfer certain federal student loans taken out for a child's education, such as Parent PLUS loans, to that child. A transfer could happen only if the loan is in good standing, the child is at least 18, the child shows the ability to repay, the parent, child, and lender agree in writing, and the child has been out of at least half-time school for 180 days. After a transfer, the child would be treated as the borrower and the parent would no longer owe the balance, interest, or fees. Earlier qualifying Public Service Loan Forgiveness payments would carry over to the child, and the transferred loan would not count toward the child's own federal loan limits.

Full text and official record on Congress.gov

Sponsors

• Bill Foster Democrat sponsor
• 3 cosponsors