Loan Limit Legacy Provisions
Students who have borrowed loans while attending WSU may be qualified to continue borrowing under previous loan limits for the remainder of their current degree or three years, whichever is sooner. This includes Parent PLUS Loans and Graduate PLUS Loans.
Parent PLUS Loans
Parent PLUS Loans are now capped at $20,000 per year and $65,000 in total. If you qualify for legacy provisions, your parents may continue to borrow Parent PLUS Loans up to your cost of attendance with no yearly or lifetime limits.
Grad PLUS Loans
The Graduate PLUS Loan program has been eliminated. If you qualify for legacy provisions, you may continue to borrow Graduate PLUS Loans up to your cost of attendance.
How do I apply for legacy provisions?
Our office will automatically evaluate your account to determine if you are a legacy borrower. We will notify you of your borrower status later this year. For students identified as legacy borrowers, you may request PLUS loan consideration. The form to do so will be available on this page later this year, after general loan acceptance opens. This typically happens in July.
Next Steps
You will receive an email from our office when loan acceptance opens. Please check back at that time to find the legacy form petition on this page.
Frequently Asked Questions
The type of loan does not need to match for you to qualify for legacy provisions. However, you do have to have borrowed within your current program of study.
Example 1: You borrowed a subsidized federal loan while attending WSU your sophomore year. You are now a junior. In this situation, you may qualify for legacy loan limits for Parent PLUS Loans, even though your family has never taken out this type of loan.
Example 2: Your parent borrowed a Parent PLUS Loan while you were in your senior year of undergrad at WSU. You have since graduated and are now attending graduate school at WSU. You are not qualified for legacy provisions as you have changed academic careers.
Transferring schools means losing your legacy status for federal loan borrowing. Even if you were grandfathered into legacy provisions at a previous institution, that status does not carry over to WSU. Similarly, if you are grandfathered in while at WSU, you will lose that status upon transferring out.
Private loan borrowing is completely separate from federal loans. Previously borrowing private education loans while attending WSU does not qualify you for legacy federal loan provisions.