Page 265

139 STAT. 335 PUBLIC LAW 119–21—JULY 4, 2025 ‘‘(B) AGGREGATE LIMITS.—Subject to paragraphs (6), (7)(A), and (8), beginning on July 1, 2026, the maximum aggregate amount of Federal Direct Unsubsidized Stafford loans, in addition to the amount borrowed for under- graduate education, that— ‘‘(i) a graduate student— ‘‘(I) who is not (and has not been) a profes- sional student, may borrow for programs of study described in subparagraph (C)(i) shall be $100,000; or ‘‘(II) who is (or has been) a professional stu- dent, may borrow for programs of study described in subparagraph (C)(i) shall be an amount equal to— ‘‘(aa) $200,000; minus ‘‘(bb) the amount such student borrowed for programs of study described in subpara- graph (C)(ii); and ‘‘(ii) a professional student— ‘‘(I) who is not (and has not been) a graduate student, may borrow for programs of study described in subparagraph (C)(ii) shall be $200,000; or ‘‘(II) who is (or has been) a graduate student, may borrow for programs of study described in subparagraph (C)(ii) shall be an amount equal to— ‘‘(aa) $200,000; minus ‘‘(bb) the amount such student borrowed for programs of study described in subpara- graph (C)(i). ‘‘(C) DEFINITIONS.— ‘‘(i) GRADUATE STUDENT.—The term ‘graduate stu- dent’ means a student enrolled in a program of study that awards a graduate credential (other than a profes- sional degree) upon completion of the program. ‘‘(ii) PROFESSIONAL STUDENT.—In this paragraph, the term ‘professional student’ means a student enrolled in a program of study that awards a profes- sional degree, as defined under section 668.2 of title 34, Code of Federal Regulations (as in effect on the date of enactment of this paragraph), upon completion of the program. ‘‘(5) PARENT BORROWER ANNUAL AND AGGREGATE LIMITS FOR FEDERAL DIRECT PLUS LOANS BEGINNING JULY 1, 2026.— ‘‘(A) ANNUAL LIMITS.—Subject to paragraph (8) and notwithstanding any provision of this part or part B, begin- ning on July 1, 2026, for each dependent student, the total maximum annual amount of Federal Direct PLUS loans that may be borrowed on behalf of that dependent student by all parents of that dependent student shall be $20,000. ‘‘(B) AGGREGATE LIMITS.—Subject to paragraph (8) and notwithstanding any provision of this part or part B, begin- ning on July 1, 2026, for each dependent student, the total maximum aggregate amount of Federal Direct PLUS loans that may be borrowed on behalf of that dependent student by all parents of that dependent student shall