Parent PLUS Loan Fairness and Responsibility Act of 2023

Parent PLUS Loan Fairness and Responsibility Act of 2023 This bill allows parent borrowers to transfer their parent PLUS loans to their child under certain circumstances. Among other requirements for a transfer, the child must demonstrate the ability to repay the loan, as determined by the Department of Education. Additionally, the bill makes these transferred loans eligible for income-driven repayment plans.