The POST GRAD Act would restore the federal government's ability to offer Direct Stafford Loans to graduate and professional students by amending the Higher Education Act of 1965. Currently, federal law terminates this lending authority, but the bill would reinstate it with a temporary end date of June 30, 2025, allowing the Department of Education to continue providing these loans to graduate borrowers. The legislation affects graduate and professional students who rely on federal loans to pay for their education. The bill includes an exemption from certain federal rulemaking requirements to allow the changes to take effect without standard regulatory procedures. No specific new funding is allocated; instead, the bill addresses existing loan authorities and their availability.
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