Summary

Removes a scheduled sunset and related statutory restrictions so Federal Direct PLUS loans remain available to graduate and professional students beyond the previously set July 1, 2026 end date and updates cross‑references in the Higher Education Act. The change restructures and cleans up dated language in the statute governing graduate/professional loan eligibility and limits, preserving the authority for graduate and professional PLUS loans. The bill does not appropriate new funds or create new loan types; it mainly amends existing statutory language (20 U.S.C. § 1087e(a)) by deleting a termination provision, removing a now-obsolete subparagraph, renumbering paragraphs, and making conforming cross-reference edits.

• Removes a scheduled July 1, 2026 termination that would have ended Federal Direct PLUS loans for graduate and professional students.
• Amends 20 U.S.C. § 1087e(a) to update dated language, delete an obsolete subparagraph, and renumber remaining paragraphs with conforming cross‑references.
• Preserves graduate and professional student access to Direct PLUS loans rather than allowing authority to lapse.
• Does not change loan terms (rates, repayment rules) or appropriate new funding; it modifies statutory authority and references.
• Requires administrative updates by the Department of Education and by colleges/universities to reflect the statutory edits.
• Applies language referencing instruction beginning on or after July 1, 2012 and removes duplicative dated clauses.
• Primarily a statutory cleanup and extension of authority rather than a broad policy overhaul.