Binary and ternary blends composed of poly(lactic acid) (PLA), starch, and poly(ethylene glycols) (PEGs) with different molecular weights (weight-average molecular weights 5 300, 2000, 4000, 6000, and 10, 000 g/mol) were prepared, and the plasticizing effect and miscibility of PEGs in poly(lactic acid)/starch (PTPS) or PLA were intensively studied. The results indicate that the PEGs were effective plasticizers for the PTPS blends. The small-molecule plasticizers of PEG300 (i.e., the M w of PEG was 300g/mol) and glycerol presented better plasticizing effects, whereas its migration and limited miscibility resulted in significant decreases in the water resistance and elongation at break. PEG2000, with a moderate molecular weight, was partially miscible in sample PTPS3; this led to better performance in water resistance and mechanical properties. For higher molecular weight PEG, its plasticization for both starch and PLA was depressed, and visible phase separation also occurred, especially for PTPS6. It was also found that the presence of PEG significantly decreased the glass-transition temperature and accelerated the crystallization of the PLA matrix, depending on the PEG molecular weight and concentration.