POST GRAD Act

This bill aims to reinstate the Secretary of Education's authority to provide Federal Direct Stafford Loans to graduate and professional students. It specifically amends Section 455(a)(3) of the Higher Education Act of 1965, which had previously terminated this loan-making authority. The legislation modifies the relevant paragraph heading to include "Temporary" before "Termination" and specifies that the termination of authority, which began in 2012, will conclude on or before June 30, 2025. This change effectively restores the Secretary's ability to issue these crucial federal loans to graduate and professional students after that date. Additionally, the Act stipulates that these amendments are exempt from standard federal rulemaking requirements , allowing for a more direct implementation of the reinstated authority.