1. Short title This Act may be cited as the Graduate Opportunity and Affordable Loans Act . 2. Loan reforms Section 455 of the Higher Education Act of 1965 ( 20 U.S.C. 1087e ) is amended— (1) in subsection (a)— (A) in paragraph (3)(A)— (i) in the matter preceding clause (i), by striking part B and inserting part B— ; (ii) beginning in the matter preceding clause (i), by striking for any period and all that follows through professional student and inserting the following: (i) for any period of instruction beginning on or after July 1, 2012, a graduate or professional student ; and (iii) in clause (ii), by inserting for any period of instruction beginning on July 1, 2012 and ending on June 30, 2024 (subject to paragraph (4)(C)), before the maximum annual ; and (B) by adding at the end the following: (4) Graduate and professional annual and aggregate limits for Unsubsidized Stafford loans beginning July 1, 2024 (A) Annual limits beginning July 1, 2024 Subject to subparagraph (C), beginning on July 1, 2024, the maximum annual amount of Federal Direct Unsubsidized Stafford loans— (i) a graduate student, who is not a professional student, may borrow in any academic year (as defined in section 481(a)(2)) or its equivalent shall be $20,500; and (ii) a professional student may borrow in any academic year (as defined in section 481(a)(2)) or its equivalent shall be $40,500. (B) Aggregate limits beginning july 1, 2024 Subject to subparagraph (C), beginning on July 1, 2024, the maximum aggregate amount of Federal Direct Unsubsidized Stafford loans— (i) a graduate student, who is not a professional student, may borrow is $65,000, in addition to the amount borrowed for undergraduate education