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S. 308 119th Congress Senate

Graduate Opportunity and Affordable Loans Act

Official title: A bill to modify the annual and aggregate limits of Federal Unsubsidized Stafford Loans for graduate and professional students, and to terminate Federal Direct… Show full official titleShow less

Official title: A bill to modify the annual and aggregate limits of Federal Unsubsidized Stafford Loans for graduate and professional students, and to terminate Federal Direct PLUS Loans for graduate and professional students, and for other purposes.

Introduced: January 29, 2025 Introduced by: Tommy Tuberville Republican · Alabama See on congress.gov
Education Government lending and loan guaranteesHigher educationStudent aid and college costsVocational and technical education
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 29, 2025
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Jan 29, 2025
Introduced in Senate
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What's happening now January 29, 2025

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

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 12

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • SLM CORPORATION
    for SLM CORPORATION · District of Columbia · 1st Quarter 2026 (Jan 1 - Mar 31)
  • SLM CORPORATION
    for SLM CORPORATION · District of Columbia · 1st Quarter 2026 (Jan 1 - Mar 31)
  • SLM CORPORATION
    for SLM CORPORATION · District of Columbia · 4th Quarter 2025 (Oct 1 - Dec 31)
  • SLM CORPORATION
    for SLM CORPORATION · District of Columbia · 3rd Quarter 2025 (July 1 - Sep 30)
  • PHYSICIAN ASSISTANT EDUCATION ASSOCIATION
    for PHYSICIAN ASSISTANT EDUCATION ASSOCIATION · District of Columbia · 3rd Quarter 2025 (July 1 - Sep 30)
  • SLM CORPORATION
    for SLM CORPORATION · District of Columbia · 2nd Quarter 2025 (Apr 1 - June 30)

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 12 filings →
 Cosponsors 1
All 1 Republican 1
R
Cassidy, Bill
Louisiana · Jan 29, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). S. 308: Graduate Opportunity and Affordable Loans Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-308/
MLA
"S. 308: Graduate Opportunity and Affordable Loans Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-308/.
Bluebook (legal)
S. 308, 119th Cong. (2026), https://openamerica.io/bill/119-S-308/.
Markdown link
[S. 308: Graduate Opportunity and Affordable Loans Act](https://openamerica.io/bill/119-S-308/)
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