S. 308

119th Congress

In Committee

Graduate Opportunity and Affordable Loans Act

Sponsored byRepublican:Sen. Tuberville, Tommy [R-AL]AL· Introduced 29 January 2025
Open on Congress.gov

1

Cosponsors

2

Actions

0

Amendments

0

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

29 January 2025·1 year ago

Summary

Introduced in Senate · Updated 21 March 2025

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.

Timeline

2 actions

  1. Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

    29 January 2025 · IntroReferral

  2. Introduced in Senate

    29 January 2025 · IntroReferral

Sponsorship

1 cosponsors

Sponsor

Republican:Sen. Tuberville, Tommy [R-AL]AL

Cosponsors

  • Republican1100%

Classification

Policy area

Education

Legislative subjects

Government lending and loan guaranteesHigher educationStudent aid and college costsVocational and technical education
Pelosi Tracker
Follow on XJoin our Discord
PoliticiansBillsPortfoliosPricingAboutLegalTerms of ServicePrivacy Policy
Français
© 2026 - All rights reserved. Powered by Vantara Labs
This website is an independent, third-party platform. It is not affiliated with, endorsed by, or in any way associated with Nancy Pelosi, her office, or her representatives. Any use of her name is solely for the purpose of discussing publicly available information.The information provided on this website is for informational and educational purposes only and is not intended to serve as, nor should it be construed as, financial or investment advice. The data presented here is sourced from publicly available filings and records. While we strive for accuracy, timeliness, and completeness, we do not guarantee that all information is error-free or current.