Parent PLUS borrowers face a tightening deadline tied to loan consolidation rules under new servicing requirements. Reporting indicates parents must consolidate Parent PLUS loans into a new loan by June 30 to keep affordable payments, though experts say the practical deadline is earlier to allow time for processing. The deadline is particularly consequential for borrowers trying to retain options tied to affordable repayment and forgiveness structures, while loan servicers and parent borrowers coordinate paperwork across multiple systems. For higher education institutions, the issue is likely to affect financial aid operations and counseling capacity, especially around end-of-year processing and summer enrollment cycles. The immediate action for affected families is to begin consolidation steps promptly to avoid higher monthly payments and the loss of certain borrower protections.