This legislation, titled the "Parent PLUS Loan Fairness and Responsibility Act of 2026," proposes to amend the Higher Education Act of 1965 to establish a mechanism for transferring specific federal student loans from a parent to their child. This aims to shift the financial responsibility for educational debt directly to the student who benefited from the funds. For a transfer to occur, several conditions must be met. The loan must be in good standing , and it must have been used to cover the educational expenses of the child receiving the transfer. The child must be at least 18 years old and demonstrate a verifiable ability to repay the loan , considering factors like employment status, income, and credit history. Furthermore, the child, parent, and lender must all provide written consent for the transfer. The agreement must also inform the child about how the transfer might affect their eligibility for Public Service Loan Forgiveness (PSLF). A crucial requirement is that 180 days must have passed since the child was enrolled in at least a half-time course of study. Upon successful transfer, the child becomes the original borrower , relieving the parent of all financial obligations, including principal, interest, and fees. The loan retains its original terms and conditions, but the child can elect to have it treated as a Federal Direct PLUS Loan for repayment plan purposes. Importantly, any qualifying PSLF payments made by the parent prior to the transfer will be credited towards the child's PSLF eligibility, and the transferred loan will not count against the child's individual loan limits.