Parent PLUS Loan Fairness and Responsibility Act of 2026

The Parent PLUS Loan Fairness and Responsibility Act of 2026 allows parents to transfer their existing federal student loans directly to their adult children under specific conditions. To qualify for this transfer, the loan must be in good standing, have been used for the child's education, and the child must be at least 18 years old with demonstrated ability to repay based on income and credit history. Once transferred, the child becomes the sole borrower responsible for the debt, while the parent is relieved of all repayment obligations and the loan retains its original terms and forgiveness eligibility. The bill also ensures that payments made before the transfer count toward Public Service Loan Forgiveness and that the transferred amount does not affect the child's future borrowing limits.