Terms and conditions of loans

Section 455(a) of the Higher Education Act of 1965 (20 U.S.C. 1087e(a)) is amended— (1) in paragraph (3)(C)— (A) by striking Subject to and inserting (i) In general.— Subject to; and (B) by adding at the end the following: (ii) Delay of termination for graduate and professional students at covered institutions (I) In general In the case of a graduate or professional student enrolled in a program of study at a covered institution, clause (i) shall be applied by substituting July 1, 2030 for July 1, 2026. (II) Covered institution For purposes of this clause, the term covered institution means an institution— (aa) that— (AA) is a health professions school (as defined in section 799B of the Public Health Service Act (42 U.S.C. 295p)); (BB) offers a health professions program (as defined in section 799B of the Public Health Service Act (42 U.S.C. 295p)); or (CC) offers a nursing program described in section 811 of the Public Health Service Act (42 U.S.C. 296j); and (bb) that is located within 100 miles of an area— (AA) that is designated as a health professional shortage area under section 332(a)(1) of the Public Health Service Act (42 U.S.C. 254e(a)(1)); or (BB) that serves a medically underserved community (as defined in section 799B of the Public Health Service Act (42 U.S.C. 295p)).; and (2) in paragraph (4), by adding at the end the following: (D) Delay of loan limits for graduate and professional students at covered institutions In the case of a graduate or professional student enrolled in a program of study at a covered institution (as such term is defined in paragraph (3)(C)(ii)(II))— (i) subparagraph (A) shall be applied by substituting July 1, 2030 for July 1, 2026; and (ii) subparagraph (B) shall be applied by substituting July 1, 2030 for July 1, 2026..