This legislation, titled the "Graduate Opportunity and Affordable Loans Act," significantly reforms federal student loan programs for graduate and professional students. Its primary purpose is to adjust borrowing limits for certain loans and to eliminate another loan type for these student populations. Beginning July 1, 2025, the bill sets new annual and aggregate limits for Federal Direct Unsubsidized Stafford Loans . Graduate students, excluding professional students, will be limited to $20,500 annually and $65,000 in aggregate, while professional students will face limits of $40,500 annually and $130,000 in aggregate, in addition to undergraduate borrowing. There are also phase-out provisions for students already enrolled in the 2024-2025 award year. A major provision of the bill is the termination of Federal Direct PLUS Loans for graduate and professional students for any period of instruction beginning on or after July 1, 2025. Institutions of higher education are mandated to notify affected students about this change by June 30, 2025. Furthermore, the bill grants eligible institutions the discretion to prorate or limit loan amounts for students starting July 1, 2025, provided such limits are applied consistently.