College Admissions and Financial Aid Policies Updated for 2026-27 Cycle

For the upcoming 2026-27 college application cycle, institutions are adjusting their admissions criteria, with some reintroducing standardized test requirements while others maintain test-optional policies. The test-optional approach has reportedly led to an increase in applications from underrepresented student groups. Additionally, new annual and total borrowing limits have been established for Parent PLUS loans.