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In response to recent federal changes that reduced how much graduate students in certain fields, such as nursing, social work, physical therapy, and education, can borrow through federal financial aid, this bill would create the Graduate Student Supplemental Revolving Loan Fund to help cover the gap between the new federal borrowing limits and the actual cost of a student's graduate program. The Utah Board of Higher Education would administer the fund, set rules for offering competitive, low-interest loans to eligible graduate students, and manage applications, lending, and repayment; the board would also report annually to the governor and a legislative subcommittee on the fund's finances and activities. The fund would be financed through unspent balances carried forward by degree-granting institutions as of July 1, 2027, any future state appropriations, outside contributions or grants, and repayments from borrowers, with loan repayments recycling back into the fund to support future students. The bill also adds this new fund to the state's official list of revolving loan funds subject to standard financial rules set by the Division of Finance.