The Graduate Opportunity and Affordable Loans Act aims to change how federal loans are provided to graduate and professional students. Its main objectives are to adjust the borrowing limits for Federal Unsubsidized Stafford Loans and to eliminate Federal Direct PLUS Loans for these students starting in 2025. Key provisions of the Act include new annual and total borrowing limits for Federal Unsubsidized Stafford Loans. Starting July 1, 2025, graduate students who are not in professional programs can borrow up to $20,500 per year, while professional students can borrow up to $40,500 annually.