Graduate Opportunity and Affordable Loans Act has not moved since its introduction on Jan 29, 2025, with one cosponsor, a Republican
Written by the Congressional Research Service [2]. 111 words.
Graduate Opportunity and Affordable Loans Act This bill limits federal student loan borrowing for graduate and professional students. Specifically, the bill terminates the ability of a graduate or professional student to receive a Direct PLUS Loan. Institutions of higher education (IHEs) must notify their prospective and enrolled graduate and professional students that Direct PLUS Loans terminate on June 30, 2025. Additionally, the bill establishes the aggregate loan limit for Direct Unsubsidized Loans as $65,000 for a graduate student (in addition to the amount borrowed for undergraduate education) and $130,000 for a professional student (in addition to the amount borrowed for undergraduate education). The bill allows IHEs to set lower loan limits.
- Committees
- Senate Health, Education, Labor, and Pensions Committee
- Policy area
- Education: 22 of 3,602 bills became law, 113th–118th (0.6%)
- Sponsor
- 1 of 70 bills enacted since 2013
- Text versions
- 1: introduced in senate · 720 words
- Subjects
- Government lending and loan guaranteesHigher educationStudent aid and college costsVocational and technical education
- Latest action
- Jan 29, 2025: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- Records
- Congress.gov · Bill text
The bill status record lists no related bills.