One Big Beautiful Bill (OB3) – Federal Loan Lifetime and Aggregate Limit Reporting

During our recent “One Big Beautiful Bill” session on October 24th, we introduced enhancements to our federal loan reporting capabilities, namely, a new product report and a supplementary query. These tools are designed to help your institution proactively identify students nearing or exceeding their Aggregate and Lifetime Maximum federal loan limits. The OBBB imposes new stricter enforcements on Aggregates and will now include a Lifetime Loan limit. Existing students may qualify for an exception to the new guidelines making it imperative to monitor your entire student base to ensure students are being awarded their correct limits.

New Lifetime Maximum

• $257,500 lifetime borrowing limit on all federal student loans, excluding borrowed Parent PLUS loan amounts (in the case of a dependent student who had ParentPLUS borrowed on their behalf for education expenses).