Parents who took out student loans for their kids are quickly approaching a key relief deadline

Parent PLUS student-loan borrowers have a limited time to retain their affordable monthly payments.

nirat/Getty Images

• Parent PLUS student-loan borrowers should consolidate their loans by April 1.
• Missing that deadline puts them at risk of losing access to income-driven repayment plans.
• Trump's "big beautiful" spending legislation places new limits on parent PLUS borrowers beginning July 1.

Parent student-loan borrowers have to act quickly to keep their affordable monthly payments.