Terminate Loan Limits, Restore PLUS

Full Title:
Restoring Opportunity for Advanced Education Act

Summary#

This measure would amend the Higher Education Act of 1965 to end federal student loan limits and restore the availability of Federal Direct PLUS Loans for graduate and professional students. It was introduced by Shomari Figures and is referred to the House Committee on Education and Workforce. No publicly available information on the bill text, effective dates, or additional changes beyond that description.

What it means for you#

If enacted, the change would remove federal caps on how much students can borrow and would make Direct PLUS Loans available again for graduate and professional students. That could affect graduate and professional students who need additional loan access. No publicly available information on when the change would take effect or how it would be implemented.

Expenses#

No publicly available information about estimated costs, budget impacts, or funding sources for these changes.

Proponents' View#

No publicly available information on supporters' stated reasons or arguments.

Opponents' View#

No publicly available information on opponents' stated reasons or arguments.