arrow_back Back to App

Transfer Parent PLUS Student Loans to Children

This proposed bill allows parents to transfer federal Parent PLUS student loans to their children, for whom the loans were originally taken out. This can relieve parents of debt, shifting repayment responsibility to the child, provided certain conditions are met, such as the child's ability to repay and agreement from all parties.
Key points
Parents can transfer Parent PLUS loan debt to their children if the loan was used for that child's education.
The child must be at least 18 years old and demonstrate the ability to repay the loan, based on income and credit history.
Once transferred, the child becomes the primary borrower, and the parent is no longer responsible for the loan or associated fees.
Transferred loans will not count towards the child's annual or aggregate loan limits, potentially easing access to other financial aid.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_6809
Sponsor: Rep. Foster, Bill [D-IL-11]
Process start date: 2023-12-14
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Parent PLUS Loan Fairness and Responsibility Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6809.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-12-14.

What are the main provisions?

Key points include:

  • Parents can transfer Parent PLUS loan debt to their children if the loan was used for that child's education.
  • The child must be at least 18 years old and demonstrate the ability to repay the loan, based on income and credit history.
  • Once transferred, the child becomes the primary borrower, and the parent is no longer responsible for the loan or associated fees.
  • Transferred loans will not count towards the child's annual or aggregate loan limits, potentially easing access to other financial aid.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Foster, Bill [D-IL-11].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and the Workforce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Education Family