Professional Degree Access Restoration Act

This section would give the Act the short title "Professional Degree Access Restoration Act."

This section would amend section 455(a) of the Higher Education Act of 1965 (20 U.S.C. 1087e(a)), which sets annual and aggregate loan limits for graduate and professional students. In paragraph (3), it would remove the words "and Federal Direct PLUS Loans" from the paragraph heading, and would strike the heading of subparagraph (A), replacing it with "In general." It would also move the phrase "for any period of instruction beginning on or after July 1, 2012" out of clause (i) and into the introductory text of subparagraph (A), and would remove the phrase "for any period of instruction beginning on July 1, 2012, and ending on June 30, 2026" from clause (ii). The effect is that the loan limit amounts described in subparagraph (A) would keep applying beginning July 1, 2012 without the June 30, 2026 end date, instead of expiring on that date. The section would also strike subparagraph (C) of paragraph (3) and strike paragraph (4); this section's own text does not state what either provision contained or when it was added. Paragraphs (5) through (8) would be redesignated as paragraphs (4) through (7), and in the redesignated paragraph (7)(A), the cross-reference to "(3)(C) and (4)," would be removed. The bill states that its purpose is to reverse the reductions in federal loan availability for graduate and professional students enacted under Public Law 119-21, so the strikes of subparagraph (C) and paragraph (4) would reverse the changes that law made to these loan limits.