POST GRAD Act

This bill would let the U.S. Department of Education start offering Federal Direct Stafford Loans to graduate and professional students again. Right now, these students generally can’t get new Stafford Loans; this would bring them back. The bill also says the change does not have to go through the usual rulemaking steps, which could speed up how it’s put in place.

Key points:

• Who is affected: Graduate and professional students looking to borrow for school.
• What changes: Stafford Loans would be available to these students again, made directly by the Department of Education.
• Timing: The change isn’t subject to the usual rulemaking process, which may allow it to take effect faster; no specific start date is listed in the text.