Restoring Opportunity for Advanced Education Act

This bill proposes significant changes to federal student loan programs by seeking to terminate existing federal student loan limits . A key objective is to restore the availability of Federal Direct PLUS Loans specifically for graduate and professional students, thereby expanding their access to federal financial aid. The legislation accomplishes this by amending Section 455(a) of the Higher Education Act of 1965. It strikes several paragraphs and subparagraphs that currently impose these loan caps and restrictions, along with making necessary technical adjustments. These provisions are designed to remove financial barriers for students pursuing advanced degrees, allowing them to borrow more through federal programs.