HR 6677
Professional Degree Access Restoration Act
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Bill overview
This bill, the Professional Degree Access Restoration Act, aims to restore federal student loan availability for graduate and professional students. It modifies the Higher Education Act of 1965 to increase loan limits, reversing reductions that were put in place in 2012. Specifically, the bill removes restrictions on loan amounts for students pursuing professional degrees, allowing for more funding to be available. This change is intended to improve access to graduate and professional programs.
Key provisions
- Increases federal loan availability for graduate and professional students.
- Reverses loan reduction policies enacted in 2012.
- Modifies the Higher Education Act of 1965.
- Removes restrictions on loan amounts for professional degree programs.
- Redesignates and renumbers existing loan paragraphs within the Act.
Who is affected
- Graduate students
- Professional students
- Higher education institutions
- Federal loan borrowers
Notable changes
- Reverses loan reduction policies from 2012.
- Eliminates restrictions on loan amounts for students beginning instruction after July 1, 2012.
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119th CONGRESS — 1st Session
H. R. 6677
IN THE HOUSE OF REPRESENTATIVES
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.
This Act may be cited as the Professional Degree Access Restoration Act
.
Section 455(a) of the Higher Education Act of 1965 (20 U.S.C. 1087e(a)) is amended—
in paragraph (3)—
in the paragraph heading, by striking and federal direct plus loans
;
in subparagraph (A)—
by striking the heading for subparagraph (A), and inserting the following: In general
;
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
;
in clause (i), by striking for any period of instruction beginning on or after July 1, 2012,
; and
in clause (ii), by striking for any period of instruction beginning on July 1, 2012, and ending on June 30, 2026,
; and
by striking subparagraph (C);
in paragraph (7)(A), as so redesignated, by striking (3)(C)
and (4),
.