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119-hr-6574119th CongressWALLET

Loan Equity for Advanced Professionals Act

Sponsored By: Representative Kennedy, Timothy M. [D-NY-26]

Introduced

Summary

The Hook: Caps federal graduate and professional Unsubsidized Stafford borrowing at $50,000 per year and $200,000 in total. This bill would set explicit annual and aggregate limits for Federal Direct Unsubsidized Stafford loans for graduate and professional students, effective July 1, 2026.

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The Impact:

  • Graduate and professional students: Would be limited to a maximum of $50,000 in Unsubsidized Stafford loans per academic year and $200,000 in aggregate for graduate and professional study, subject to specified statutory exceptions.
  • Students with prior undergraduate borrowing: The $200,000 aggregate cap includes amounts borrowed for undergraduate education, so past undergraduate loans would count toward the new cap.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

New caps on federal grad loans

This bill would set borrowing caps for graduate and professional students using Federal Direct Unsubsidized Stafford loans. Starting July 1, 2026, you could borrow up to $50,000 per academic year (or its equivalent). Your total for graduate/professional study could not exceed $200,000, not counting any undergraduate loans. These caps would apply to programs described in the law (clause (i) or (ii) of subparagraph (C), section 455(a)(4)) and remain subject to other rules in that section.

Sponsors & CoSponsors

Sponsor

Kennedy, Timothy M. [D-NY-26]

NY • D

Cosponsors

  • Rep. Tokuda, Jill N. [D-HI-2]

    HI • D

    Sponsored 12/10/2025

  • Rep. Figures, Shomari [D-AL-2]

    AL • D

    Sponsored 12/10/2025

  • Rep. Landsman, Greg [D-OH-1]

    OH • D

    Sponsored 12/11/2025

  • Rep. Tlaib, Rashida [D-MI-12]

    MI • D

    Sponsored 12/11/2025

  • Rep. Thanedar, Shri [D-MI-13]

    MI • D

    Sponsored 12/11/2025

  • Rep. Fields, Cleo [D-LA-6]

    LA • D

    Sponsored 12/11/2025

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 12/11/2025

  • Rep. McIver, LaMonica [D-NJ-10]

    NJ • D

    Sponsored 12/15/2025

  • Rep. Latimer, George [D-NY-16]

    NY • D

    Sponsored 12/15/2025

  • Rep. Simon, Lateefah [D-CA-12]

    CA • D

    Sponsored 12/15/2025

  • Rep. Goldman, Daniel S. [D-NY-10]

    NY • D

    Sponsored 12/16/2025

  • Rep. DelBene, Suzan K. [D-WA-1]

    WA • D

    Sponsored 12/16/2025

  • Rep. Subramanyam, Suhas [D-VA-10]

    VA • D

    Sponsored 12/16/2025

  • Rep. Meng, Grace [D-NY-6]

    NY • D

    Sponsored 12/16/2025

  • Del. Plaskett, Stacey E. [D-VI-At Large]

    VI • D

    Sponsored 12/16/2025

  • Rep. Dingell, Debbie [D-MI-6]

    MI • D

    Sponsored 12/16/2025

  • Rep. Pingree, Chellie [D-ME-1]

    ME • D

    Sponsored 12/16/2025

  • Rep. Titus, Dina [D-NV-1]

    NV • D

    Sponsored 12/16/2025

  • Rep. Evans, Dwight [D-PA-3]

    PA • D

    Sponsored 12/16/2025

  • Rescom. Hernández, Pablo Jose [D-PR-At Large]

    PR • D

    Sponsored 12/17/2025

  • Rep. Craig, Angie [D-MN-2]

    MN • D

    Sponsored 12/17/2025

  • Rep. Leger Fernandez, Teresa [D-NM-3]

    NM • D

    Sponsored 12/17/2025

  • Rep. Velázquez, Nydia M. [D-NY-7]

    NY • D

    Sponsored 12/17/2025

  • Rep. Garcia, Sylvia R. [D-TX-29]

    TX • D

    Sponsored 12/17/2025

  • Rep. Bynum, Janelle S. [D-OR-5]

    OR • D

    Sponsored 12/19/2025

  • Rep. Krishnamoorthi, Raja [D-IL-8]

    IL • D

    Sponsored 12/19/2025

  • Rep. Schrier, Kim [D-WA-8]

    WA • D

    Sponsored 12/19/2025

  • Rep. Barragán, Nanette Diaz [D-CA-44]

    CA • D

    Sponsored 12/19/2025

  • Rep. Lieu, Ted [D-CA-36]

    CA • D

    Sponsored 1/6/2026

  • Rep. Scott, David [D-GA-13]

    GA • D

    Sponsored 1/8/2026

  • Rep. Amo, Gabe [D-RI-1]

    RI • D

    Sponsored 1/12/2026

  • Rep. Grijalva, Adelita S. [D-AZ-7]

    AZ • D

    Sponsored 1/12/2026

  • Rep. Trahan, Lori [D-MA-3]

    MA • D

    Sponsored 1/12/2026

  • Rep. Davids, Sharice [D-KS-3]

    KS • D

    Sponsored 1/13/2026

  • Rep. Nadler, Jerrold [D-NY-12]

    NY • D

    Sponsored 1/13/2026

  • Rep. Clarke, Yvette D. [D-NY-9]

    NY • D

    Sponsored 1/14/2026

  • Rep. Raskin, Jamie [D-MD-8]

    MD • D

    Sponsored 1/30/2026

  • Rep. Larsen, Rick [D-WA-2]

    WA • D

    Sponsored 2/2/2026

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 2/2/2026

  • Rep. Min, Dave [D-CA-47]

    CA • D

    Sponsored 2/4/2026

  • Rep. Deluzio, Christopher R. [D-PA-17]

    PA • D

    Sponsored 2/9/2026

  • Rep. Frankel, Lois [D-FL-22]

    FL • D

    Sponsored 2/10/2026

  • Rep. Soto, Darren [D-FL-9]

    FL • D

    Sponsored 2/11/2026

  • Rep. Peters, Scott H. [D-CA-50]

    CA • D

    Sponsored 2/11/2026

  • Rep. Hayes, Jahana [D-CT-5]

    CT • D

    Sponsored 2/11/2026

  • Rep. Jackson, Jonathan L. [D-IL-1]

    IL • D

    Sponsored 2/17/2026

  • Rep. Carbajal, Salud O. [D-CA-24]

    CA • D

    Sponsored 2/20/2026

  • Rep. Balint, Becca [D-VT-At Large]

    VT • D

    Sponsored 2/23/2026

  • Rep. Huffman, Jared [D-CA-2]

    CA • D

    Sponsored 2/23/2026

  • Rep. Garamendi, John [D-CA-8]

    CA • D

    Sponsored 2/25/2026

  • Rep. Larson, John B. [D-CT-1]

    CT • D

    Sponsored 2/25/2026

  • Rep. Vindman, Eugene Simon [D-VA-7]

    VA • D

    Sponsored 3/3/2026

  • Rep. Cohen, Steve [D-TN-9]

    TN • D

    Sponsored 3/3/2026

  • Rep. Moulton, Seth [D-MA-6]

    MA • D

    Sponsored 3/12/2026

  • Rep. Strickland, Marilyn [D-WA-10]

    WA • D

    Sponsored 3/16/2026

  • Rep. Magaziner, Seth [D-RI-2]

    RI • D

    Sponsored 3/16/2026

  • Rep. Dexter, Maxine [D-OR-3]

    OR • D

    Sponsored 3/24/2026

  • Rep. Stansbury, Melanie A. [D-NM-1]

    NM • D

    Sponsored 3/26/2026

  • Rep. McClain Delaney, April [D-MD-6]

    MD • D

    Sponsored 4/9/2026

  • Rep. Sherman, Brad [D-CA-32]

    CA • D

    Sponsored 4/16/2026

  • Rep. Frost, Maxwell [D-FL-10]

    FL • D

    Sponsored 4/21/2026

  • Rep. Whitesides, George [D-CA-27]

    CA • D

    Sponsored 4/27/2026

  • Rep. Doggett, Lloyd [D-TX-37]

    TX • D

    Sponsored 4/27/2026

  • Rep. Ansari, Yassamin [D-AZ-3]

    AZ • D

    Sponsored 4/27/2026

  • Rep. Thompson, Bennie G. [D-MS-2]

    MS • D

    Sponsored 4/30/2026

  • Rep. Sewell, Terri A. [D-AL-7]

    AL • D

    Sponsored 4/30/2026

  • Rep. Underwood, Lauren [D-IL-14]

    IL • D

    Sponsored 5/4/2026

  • Rep. Dean, Madeleine [D-PA-4]

    PA • D

    Sponsored 5/4/2026

  • Rep. Wilson, Frederica S. [D-FL-24]

    FL • D

    Sponsored 5/12/2026

  • Rep. Bell, Wesley [D-MO-1]

    MO • D

    Sponsored 5/19/2026

  • Rep. McGarvey, Morgan [D-KY-3]

    KY • D

    Sponsored 5/20/2026

  • Rep. Mejia, Analilia [D-NJ-11]

    NJ • D

    Sponsored 5/22/2026

  • Rep. Levin, Mike [D-CA-49]

    CA • D

    Sponsored 5/29/2026

  • Rep. Goodlander, Maggie [D-NH-2]

    NH • D

    Sponsored 7/9/2026

  • Rep. Menendez, Robert [D-NJ-8]

    NJ • D

    Sponsored 7/13/2026

  • Rep. Waters, Maxine [D-CA-43]

    CA • D

    Sponsored 8/3/2026

  • Rep. Schakowsky, Janice D. [D-IL-9]

    IL • D

    Sponsored 9/16/2026

Roll Call Votes

No roll call votes available for this bill.

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