Loan Equity for Advanced Professionals Act
Sponsored By: Representative Kennedy (NY)
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 (NY)
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
Simon
CA • D
Sponsored 12/15/2025
Rep. Goldman, Daniel S. [D-NY-10]
NY • D
Sponsored 12/16/2025
DelBene
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
Pingree
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
Craig
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
Schrier
WA • D
Sponsored 12/19/2025
Barragan
CA • D
Sponsored 12/19/2025
Rep. Lieu, Ted [D-CA-36]
CA • D
Sponsored 1/6/2026
Scott, David
GA • D
Sponsored 1/8/2026
Rep. Amo, Gabe [D-RI-1]
RI • D
Sponsored 1/12/2026
Grijalva
AZ • D
Sponsored 1/12/2026
Trahan
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
Soto
FL • D
Sponsored 2/11/2026
Peters
CA • D
Sponsored 2/11/2026
Rep. Hayes, Jahana [D-CT-5]
CT • D
Sponsored 2/11/2026
Jackson (IL)
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
Cohen
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
Stansbury
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
Thompson (MS)
MS • D
Sponsored 4/30/2026
Sewell
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
Wilson (FL)
FL • D
Sponsored 5/12/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov