HR 10206 — Restoring Opportunity for Advanced Education Act

Summary

Removes federal loan limits on Federal Direct PLUS Loans for graduate and professional students under the Higher Education Act.
Eliminates time-limited restrictions on Federal Direct PLUS Loan availability that were previously set to expire on June 30, 2026.
Repeals provisions that had established loan limits for graduate and professional students by striking limiting language from Section 455(a) of the Higher Education Act.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)

Rep. Figures, Shomari (D-AL) [#2]

Money behind the sponsor

Top reported contributors to Shomari Figures’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

Employer not reported $50,975
CUNNINGHAM BOUNDS LLC $42,900
BALL HEALTHCARE SERVICES $13,200
BCBSAL $9,900
KDF STRATEGIES $9,900

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Shomari Figures → · Outside spending →

Actions (2)

Sep 1, 2026 Referred to the House Committee on Education and Workforce. · house
Sep 1, 2026 Introduced in House

Text versions (1)

Introduced in House · Sep 1, 2026

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE HOUSE OF REPRESENTATIVES

September 1, 2026

Mr. Figures introduced the following bill; which was referred to the Committee on Education and Workforce

A BILL

To amend the Higher Education Act of 1965 to terminate Federal student loan limits and restore the availability of Federal Direct PLUS Loans for graduate and professional students.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Restoring Opportunity for Advanced Education Act”.

SEC. 2. TERMINATION OF LOAN LIMITS AND RESTORATION OF FEDERAL DIRECT PLUS LOANS FOR GRADUATE AND PROFESSIONAL STUDENTS.

(a) In General.—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 paragraphs (4) and (6); and

(3) by redesignating paragraph (5), (7), and (8) as paragraphs (4), (5), and (6), respectively.

(b) Technical and Conforming Amendments.—Section 455(a) of the Higher Education Act of 1965 (20 U.S.C. 1087e(a)), as amended by subsection (a), is further amended—

(1) in paragraph (4), as redesignated by subsection (a), by striking “paragraph (8)” and inserting “paragraph (6)” both places the term appears; and

(2) in paragraph (6), as redesignated by subsection (a), by striking “Paragraphs (3)(C), (4), (5), and (6) shall not apply, and paragraph (3)(A)(ii) shall apply as such paragraph was in effect for periods of instruction ending before June 30, 2026,” and inserting “Paragraph (4) shall not apply”. <all>

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