S. 308In Committee
Graduate Opportunity and Affordable Loans Act
Limits federal borrowing for graduate and professional education by ending Direct PLUS Loans and capping Direct Unsubsidized Loan amounts
Plain-English overview
What this bill does
Limits federal borrowing for graduate and professional education by ending Direct PLUS Loans and capping Direct Unsubsidized Loan amounts
Key points
- Establish graduate loan caps
- Allow lower institutional limits
- Terminate Direct PLUS Loans
Current status
Where it stands
Status
In Committee
Latest action
2025-01-29 — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Related context
Topics and policy areas
undefinedEducationGovernment lending and loan guaranteesHigher educationStudent aid and college costsVocational and technical education