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.

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.

SEC. 2. Annual and aggregate loan limits for graduate and professional students.

(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);

(2) by striking paragraph (4), and redesignating paragraphs (5) through (8) as paragraphs (4) through (7), respectively; and

(3) in paragraph (7)(A), as so redesignated, by striking “(3)(C)” and “(4),”.