,,ii  #aai? ,,congress  #a/ ,session    
,s4 #cjh  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,janu>y #bi1 #bjbe,mr4 
,tub]ville 7= himself & ,mr4 ,cassidy7  
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to modify ! annual &        
aggregate limits ( ,f$]al ,unsubsidiz$  
,/af=d ,loans = graduate & pr(essional  
/ud5ts1 & to t]m9ate ,f$]al ,direct     
,,plus ,loans = graduate & pr(essional  
/ud5ts1 & = o!r purposes4  #a4 ,%ort    
title ,?is ,act may be cit$ z !         
,graduate ,opportunity & ,af=dable      
,loans ,act 4  #b4 ,loan re=ms ,section 
#dee ( ! ,high] ,education ,act ( #aife 
7#bj ,u4,s4,c4#ajhg;e7 is am5d$-- 7#a7 9
 subsection 7a7-- 7,a7 9 p>agraph       
7#c77;,a7-- 7i7 9 ! matt] prec$+ clause 
7i71 by /rik+ "p ,b & ins]t+ "p ,b--    
7ii7 beg9n+ 9 ! matt] prec$+ clause 7i71
 by /rik+ = any p]iod & all t foll[s    
?r\gh pr(essional /ud5t & ins]t+ !      
foll[+3  7i7 = any p]iod ( in/ruction   

beg9n+ on or aft] ,july #a1 #bjab1 a    
graduate or pr(essional /ud5t  2 &      
7iii7 9 clause 7ii71 by ins]t+ = any    
p]iod ( in/ruction beg9n+ on ,july #a1  
#bjab & end+ on ,june #cj1 #bjbe        
7subject to p>agraph 7#d77;,c771 be=e ! 
maximum annual2 &  7,b7 by add+ at ! end
 ! foll[+3  7#d7 ,graduate & pr(essional
 annual & aggregate limits =            
,unsubsidiz$ ,/af=d loans beg9n+ ,july  
#a1 #bjbe  7,a7 ,annual limits beg9n+   
,july #a1 #bjbe ,subject to subp>agraph 
7,c71 beg9n+ on ,july #a1 #bjbe1 !      
maximum annual am\nt ( ,f$]al ,direct   
,unsubsidiz$ ,/af=d loans-- 7i7 a       
graduate /ud5t1 :o is n a pr(essional   
/ud5t1 may borr[ 9 any academic ye> 7z  
def9$ 9 section #dha7;a77#b77 or its    
equival5t %all be #bj1ejj2 &  7ii7 a    
pr(essional /ud5t may borr[ 9 any       
academic ye> 7z def9$ 9 section         
#dha7;a77#b77 or its equival5t %all be  
#dj1ejj4  7,b7 ,aggregate limits beg9n+ 
,july #a1 #bjbe ,subject to subp>agraph 
7,c71 beg9n+ on ,july #a1 #bjbe1 !      

maximum aggregate am\nt ( ,f$]al ,direct
 ,unsubsidiz$ ,/af=d loans-- 7i7 a      
graduate /ud5t1 :o is n a pr(essional   
/ud5t1 may borr[ is #fe1jjj1 9 addition 
to ! am\nt borr[$ = und]graduate        
education2 &  7ii7 a pr(essional /ud5t  
may borr[ is #acj1jjj1 9 addition to !  
am\nt borr[$ = und]graduate education4  
7,c7 ,phase out provisions ,not)/&+ !   
date ( ! applicability ( ! limits set =?
 9 ?is p>agraph1 an eligible graduate   
/ud5t1 includ+ a pr(essional /ud5t1 :o  
receiv$ a disbursem5t ( a ,f$]al ,direct
 ,unsubsidiz$ ,/af=d loan aft] ,june    
#cj1 #bjbd1 & be=e ,july #a1 #bjbe1 = ! 
#bjbd-bjbe aw>d ye>1 may receive a      
,f$]al ,direct ,unsubsidiz$ ,/af=d loan 
= ! #bjbe-bjbf aw>d ye> 9 am\nts t are  
subject to ! annual & aggregate loan    
limits applicable prior to ,july #a1    
#bjbe1 if ! borr[] did n graduate prior 
to ! #bjbe-bjbf aw>d ye>4  7,d7         
,def9itions ,9 ?is p>agraph3 7i7        
,graduate /ud5t ,! t]m graduate /ud5t   
means a /ud5t enroll$ 9 a program at !  

po/baccalaureate level1 su* z a         
po/baccalaureate c]tificate1 a ma/]'s   
degree1 or a doctor's degree4  7ii7     
,pr(essional /ud5t ,! t]m pr(essional   
/ud5t means a /ud5t enroll$ 9 a doctor's
 degree-pr(essional practice program4   
7iii7 ,po/baccalaureate c]tificate2     
ma/]'s degree2 doctor's degree2 doctor's
 degree pr(essional-practice ,! t]ms    
po/baccalaureate c]tificate1 ma/]'s     
degree1 doctor's degree1 & doctor's     
degree pr(essional-practice %all h !    
mean+ provid$ 9 ! #bjbb-bjbc gloss>y ( !
 ,integrat$ ,po/second>y ,education     
,data ,sy/em 7,,omb ,,no4 #ahei-jehb v4 
#cj74  7#e7 ,t]m9ation ( au?ority to    
make ,f$]al ,direct ,,plus loans to     
graduate & pr(essional /ud5ts  7,a7 ,9  
g5]al ,not)/&+ any o!r provision ( law1 
= any p]iod ( in/ruction beg9n+ on or   
aft] ,july #a1 #bjbe1 a graduate /ud5t  
7includ+ a pr(essional /ud5t7 %all n be 
eligible to receive a ,f$]al ,direct    
,,plus ,loan "u ?is "p = enrollm5t 9 a  
program ( graduate or doctor's degree   

pr(essional-practice education4  7,b7   
,phase out provisions ,n lat] ?an #cj   
days aft] ! date ( enactm5t ( !         
,graduate ,opportunity & ,af=dable      
,loans ,act1 ea* in/itution ( high]     
education t enrolls graduate /ud5ts or  
pr(essional /ud5ts %all notify          
prospective & enroll$ graduate /ud5ts & 
pr(essional /ud5ts t ! ,f$]al ,direct   
,,plus ,loan program w end = graduate   
/ud5ts & pr(essional /ud5ts on ,june    
#cj1 #bjbe4  7,c7 ,def9itions ,!        
def9itions 9 p>agraph 7#d77;,d7 %all    
apply to ?is p>agraph4  7#f7            
,in/itutionally-det]m9$ limits ,not)/&+ 
any o!r provision ( ?is "p1 an eligible 
in/itution 7at ! discretion ( a f9ancial
 aid adm9i/rator at ! in/itution7 may   
prorate or limit ! am\nt ( a loan a     
/ud5t :o is enroll$ 9 a program ( /udy  
at t in/itution = a p]iod ( in/ruction  
beg9n+ on or aft] ,july #a1 #bjbe1 may  
borr[ "u ?is "p = an academic ye>1 z    
long z any proration or limit is appli$ 
consi/5tly to all borr[]s ent]+ su*     

program ( /udy4  4