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Bill
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Professional Degree Access Restoration Act

S. 4039 · 119th Congress · Mar 10, 2026 · Lineage

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.

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 ending on June 30, 2026,”; and
(C)
by striking subparagraph (C); and
(2)
by striking paragraph (4), and redesignating paragraphs (5) through (8) as paragraphs (4) through (7), respectively.
(b)
Technical and conforming amendments— Section 455(a) of the Higher Education Act of 1965 (20 U.S.C. 1087e(a)), as amended by subsection (a), is further amended—
(1)
in paragraph (4), as redesignated by subsection (a)(2), by striking “paragraph (8)” and inserting “paragraph (7)” both places the term appears;
(2)
in paragraph (5), as redesignated by subsection (a)(2), by striking “paragraph (8)” and inserting “paragraph (7)”; and
(3)
in paragraph (7), as redesignated by subsection (a)(2), by striking “Paragraphs (3)(C), (4), (5), and (6) shall not apply, and paragraph (3)(A)(ii) shall apply as such paragraph was in effect for periods of instruction ending before June 30, 2026,” and inserting “(4), and (5)” and inserting “Paragraphs (4) and (5) shall not apply”.