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S. 4039119th CongressIn committeeLatest action Mar 10, 2026Decoded by AI · checked against the record
Official title: Professional Degree Access Restoration Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
Senate bill S 4039 would reverse recent cuts to federal borrowing limits for graduate and professional school students.
55-second read · 5 questions answered below
S 4039 would restore federal student loan limits for graduate and professional students to the levels that existed before a recent law reduced them. Students in programs such as law, medical, dental, and business school would be able to borrow more through the federal loan program than they currently can. The bill does not affect undergraduate students.
The bill directly affects people currently enrolled in or planning to attend graduate or professional degree programs. Taxpayers are also affected, as higher federal loan limits mean the government takes on more lending.
Without this change, graduate students who reach the lower borrowing cap may have to turn to private loans, which often carry higher interest rates and fewer borrower protections than federal loans. The bill was introduced in the Senate in March 2026 and has been referred to the Committee on Health, Education, Labor, and Pensions for review.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.