Annual and aggregate loan limits

Section 455(a) of the Higher Education Act of 1965 (20 U.S.C. 1087e(a)) is amended— (1) in paragraph (4)— (A) in subparagraph (A), in the matter preceding clause (i), by striking and (8) and inserting, (8), and (9); and (B) in subparagraph (B), in the matter preceding clause (i), by striking and (8) and inserting, (8), and (9); (2) in paragraph (6), by striking paragraph (8) and inserting paragraphs (8) and (9); and (3) by adding at the end the following: (9) Adjustment for inflation (A) In general Each amount specified in paragraphs (4) and (6) shall, for any period of instruction beginning on or after July 1, 2027, be deemed increased by a percentage equal to the annual adjustment percentage. (B) Annual adjustment percentage defined In this paragraph, the term annual adjustment percentage, as applied to an academic year, means the estimated percentage change in the Consumer Price Index (as determined by the Secretary, using the definition in section 478(f) or the most recent calendar year ending prior to the beginning of that academic year)..