Washington State Department of Financial Institutions
03/30/2026 | Press release | Distributed by Public on 03/30/2026 11:27
Parent PLUS Loan Borrowers: Act by April 1 for IDR Plans
Published
March 30, 2026
Changes to Federal law will impact repayment plans for student loan borrowers. Due to these changes, Parent PLUS loan borrowers will no longer have access to income-driven repayment (IDR) plans unless they consolidate their loan(s) into a new Direct Consolidation Loan.
If you have Parent PLUS loans and want access to more affordable monthly payments, you may apply to consolidate your Parent PLUS loans into a new Direct Consolidation Loan before April 1, 2026.
For more information, visit the National Consumer Law Center's website for detailed information regarding the changes and steps you should take: Get help with Parent PLUS loan repayment options.
If you have additional questions or a complaint, please contact the Washington Student Achievement Council Office of Student Loan Advocacy via their Student Complaint Portal or DFI at File a Complaint with the Washington State DFI.
Washington State Department of Financial Institutions published this content on March 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 30, 2026 at 17:27 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]