Section 1. Short title
This Act may be cited as the Professional Degree Access Restoration Act.
Section 2. Annual and aggregate loan limits for graduate and professional students
Section 455(a) of the Higher Education Act of 1965 (20 U.S.C. 1087e(a)) is amended—
(1) in paragraph (3)—
(A) in the paragraph heading, by striking and federal direct plus loans;
(B) in subparagraph (A)—
(i) by striking the heading for subparagraph (A), and inserting the following: In general;
(ii) in the matter preceding clause (i), by inserting before the dash at the end the following:, for any period of instruction beginning on or after July 1, 2012;
(iii) in clause (i), by striking for any period of instruction beginning on or after July 1, 2012,; and
(iv) in clause (ii), by striking for any period of instruction beginning on July 1, 2012, and ending on June 30, 2026,; and
(C) by striking subparagraph (C);
(2) by striking paragraph (4), and redesignating paragraphs (5) through (8) as paragraphs (4) through (7), respectively; and
(3) in paragraph (7)(A), as so redesignated, by striking (3)(C) and (4),.