5 Under-the-Radar Student Loan Changes You Should Know About

“I fully expect default rates to shoot up over the next 10 years for Parent PLUS borrowers unless Congress goes back and fixes that and gives them lower payment options again, or makes the credit criteria for them similar to private,” Mayotte says.

Roughly 600,000 parents take out PLUS loans each year, generally accounting for less than 10% of student loan borrowers.