S 308 · in committee · significant
Graduate Opportunity and Affordable Loans Act
- education
What this bill does
- This bill eliminates Direct PLUS Loans for graduate and professional students starting June 30, 2025.
- Graduate students and professional school students seeking federal loans are affected by these changes.
- Schools must notify students of the change and will set new borrowing caps of $65,000 for graduates and $130,000 for professional students.
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Community Threads
Started by Cosponsor
- 01
How might eliminating Direct PLUS Loans affect graduate students who need to borrow beyond the $65,000 cap for their degree?
- 02
What alternative borrowing options should be available to graduate and professional students if federal PLUS Loans are removed?
- 03
Why does the bill set different borrowing caps of $65,000 for graduates versus $130,000 for professional school students?
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Sponsor · R-AL
Tommy Tuberville
Citizen cosponsors
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In Congress
1/ 100
Senators cosponsoring
Introduced 2025-01-29
Joining the bill
Legislative timeline
2025-01-29 · senate · IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
2025-01-29 · IntroReferral
Introduced in Senate
Citizen comments
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