Rep. Foster Introduces Bill to Let Parents Transfer PLUS Loans to Their Children
This bill is in the early stages of the legislative process after being sent to the House Committee on Education and Workforce on June 10, 2026. The committee must review the bill before it can move forward, but no further action has occurred since that date. It is common for bills to remain in committee without a vote, so this proposal is not showing active progress.
While the bill addresses a common financial burden for families, it currently lacks bipartisan cosponsors and has not yet moved out of the initial committee stage.
This bill’s path across every version that has carried it.
Reintroduced
Reintroduced from H.R. 6809 (118th), which died when its Congress ended.
H.R. 6809 (118th) →Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Adult children of Parent PLUS borrowers gain a voluntary option to formally assume the loan debt that paid for their education. For some, this is a net positive because it opens access to better repayment plans and potential loan forgiveness. For others, taking on this debt could be a financial burden, especially if the loan amount is large relative to their income. The bill includes safeguards like ability-to-repay checks, but the child still assumes significant financial responsibility. Importantly, the transferred loan does not count against borrowing limits, so future education options are preserved.
“the child, the parent, and the lender agree, in writing, to the transfer of the loan”
Referred to the House Committee on Education and Workforce.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Congressman Bill Foster (D-IL) introduced the Parent PLUS Loan Fairness and Responsibility Act. This legislation would allow students to take over the student debt incurred by their parents on their behalf, providing a sensible solution for parents facing multiple financial burdens.
The article notes that Rep. Bill Foster recently introduced the Parent PLUS Loan Fairness and Responsibility Act, which would allow parents to transfer federal Parent PLUS loans to the student with the consent of the parent, student, and lender, provided the student meets credit requirements.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Parent PLUS Loan Fairness and Responsibility Act of 2026
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