This legislation, known as the "Protecting Our Students by Terminating Graduate Rates that Add to Debt Act" or "POST GRAD Act" , aims to reinstate the authority of the Secretary of Education to provide Federal Direct Stafford Loans to graduate and professional students. It achieves this by amending Section 455(a)(3) of the Higher Education Act of 1965, which previously terminated this loan program. Specifically, the bill modifies the relevant section by inserting "Temporary" before "Termination" in the paragraph heading and adding an end date of June 30, 2023 , to the prior termination clause that began in 2012. This amendment effectively ends the termination period, thereby allowing the resumption of these loans. Furthermore, the amendments made by this Act are explicitly exempted from certain rulemaking requirements, facilitating a more streamlined implementation process.