Changes to federal financial aid eligibility and Direct Loan programs are coming as of July 1, 2026. The Office of Financial Aid & Scholarships is closely monitoring the changes and their implementation. This resource will continue to be updated as more information becomes available. More information is available at One Big Beautiful Bill Act Updates | Federal Student Aid
Annual borrowing limit set at $20,000 per student.
Lifetime borrowing cap will be $65,000 per student.
Loan amounts will be prorated for students enrolled less than full-time.
Students with a Student Aid Index (SAI) equal to or greater than twice the maximum Pell Grant amount will no longer qualify for Pell Grants for the academic year.
Students whose scholarships or grants fully cover their Cost of Attendance (COA) will have their Pell Grant reduced so total aid does not exceed COA.
The net worth of certain family farms and small businesses will be excluded from SAI calculations.
Foreign income will now be included in Adjusted Gross Income (AGI) when determining Pell Grant eligibility.
Will no longer be available to new borrowers starting July 1, 2026.
Annual limit remains $20,500, with a lifetime maximum of $100,000.
Annual borrowing limit set at $50,000, with a lifetime maximum of $200,000.
Loan amounts will be prorated for students enrolled less than full-time.
Current borrowers may continue accessing Parent PLUS Loan amounts up to their dependent student’s Cost of Attendance until the earlier of:
Current borrowers may continue accessing Graduate PLUS Loans until the earlier of:
For more information about One Big Beautiful Bill, visit: One Big Beautiful Bill Act Updates | Federal Student Aid
*Information is contingent and subject to change. Wichita State University Office of Financial Aid & Scholarships will update this page as guidance becomes available.