This bill reverses recent federal loan reductions for graduate and professional students by amending the Higher Education Act of 1965. Specifically, it restores higher annual and aggregate loan limits that were cut by a previous law (Public Law 119-21) and removes restrictions that limited borrowing for students pursuing advanced degrees like law, medicine, and other professional programs. The legislation applies to loans taken out for periods of instruction beginning on or after July 1, 2012, effectively making the expanded loan limits available again to graduate and professional degree candidates. No specific funding amount or implementation timeline beyond the effective date is detailed in the bill text. The bill was introduced in March 2026 with bipartisan sponsorship and referred to the Senate Committee on Health, Education, Labor, and Pensions.
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