Embry-Riddle Aeronautical University
KEY LOAN CHANGES INCOMING UNDERGRADUATE STUDENTS
Enrollment Impact s Part-time enrollment results in reduced
Parent PLUS loans borrowed on or after July 1, 2026, have only one repayment plan option, the tiered standard repayment plan. Parents who borrow PLUS loans on or after July 1, 2026, are not eligible for Public Service Loan Forgiveness (PSLF). Action Steps s Review your borrowing strategy before July 2026 (plan ahead before changes take effect). s Contact Embry-Riddle Office of Financial Aid with any questions.
PARENT PLUS LOAN
Parent PLUS Loan limited to $65,000 lifetime limit per student with a $20,000 annual limit
loan eligibility (you will receive less funding if not enrolled full-time).
s Completing less than 12 credits at the Daytona Beach or Prescott campus or 6 credits at Worldwide in a semester/ term may impact your direct loan eligibility for the next semester/term. Repayment Plan Students who borrow a new Federal Direct Loan on or after July 1, 2026, will be eligible for only two repayment plans. Students who do not borrow a new Federal Direct Loan on or after July 1, 2026, may continue to access current repayment options.
Direct Student Loan to a Dependent Student limited to $31,000 DIRECT LOAN – DEPENDENT STUDENT
Direct Student Loan to an Independent Student limited to $57,500 DIRECT LOAN – INDEPENDENT STUDENT
Based on current federal guidance; details may change
IMPORTANT
Office of Financial Aid, Daytona Beach Campus | dbfinaid@erau.edu Office of Financial Aid, Prescott Campus | prfinaid@erau.edu Office of Financial Aid, Worldwide Campus | wwfinaid@erau.edu
04.23.26
Page 1Made with FlippingBook - professional solution for displaying marketing and sales documents online