S. 308: Graduate Opportunity and Affordable Loans Act
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-01-29 |
| Sponsor | Sen. Tuberville, Tommy [R-AL] |
| Policy area | Education |
| Cosponsors | 1 |
| Latest action | 2025-01-29 — Read twice and referred to the Committee on Health, Education, Labor, and Pensions. |
| Last updated | 2025-04-21 |
Summary
Official summary (Introduced in Senate, 2025-01-29):
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.
Cosponsors (1)
| Name | Party / state |
|---|---|
| Bill Cassidy | R LA (original cosponsor) 2025-01-29 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 308 are published by Congress on congress.gov.
Frequently asked questions
What is S. 308?
S. 308 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Graduate Opportunity and Affordable Loans Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 308 are available on congress.gov.
Bill data: congress.gov API (official congressional records).