A bill to amend the Higher Education Act of 1965 to reverse the reductions in Federal loan availability for graduate and professional students enacted under Public Law 119-21.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4039 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4039 To amend the Higher Education Act of 1965 to reverse the reductions in Federal loan availability for graduate and professional students enacted under Public Law 119-21. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 10, 2026 Ms. Alsobrooks (for herself, Mr. Van Hollen, Mr. Kaine, Ms. Duckworth, Mr. Wyden, Mr. Kim, Ms. Cantwell, Ms. Smith, Ms. Klobuchar, Mr. Blumenthal, Mr. Markey, Mr. Merkley, and Mr. Lujan) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions _______________________________________________________________________ A BILL To amend the Higher Education Act of 1965 to reverse the reductions in Federal loan availability for graduate and professional students enacted under Public Law 119-21. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Professional Degree Access Restoration Act''. SEC. 2. ANNUAL AND AGGREGATE LOAN LIMITS FOR GRADUATE AND PROFESSIONAL STUDENTS. (a) In General.--Section 455(a) of the Higher Education Act of 1965 (20 U.S.C. 1087e(a)) is amended-- (1) in paragraph (3)-- (A) in the paragraph heading, by striking ``and federal direct plus loans''; (B) in subparagraph (A)-- (i) by striking the heading for subparagraph (A), and inserting the following: ``In general''; (ii) in the matter preceding clause (i), by inserting before the dash at the end the following: ``, for any period of instruction beginning on or after July 1, 2012''; (iii) in clause (i), by striking ``for any period of instruction beginning on or after July 1, 2012,''; and (iv) in clause (ii), by striking ``for any period of instruction beginning on July 1, 2012, and end