Current status is Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S3235-3236)

119th CONGRESS

1st Session

S. 1948

1. Short title
2. Reinstatement of authority to make Federal Direct Stafford Loans to graduate and professional students
3. Inapplicability of rulemaking requirements

1. Short title

This Act may be cited as the "Protecting Our Students by Terminating Graduate Rates that Add to Debt Act" or the "POST GRAD Act".

2. Reinstatement of authority to make Federal Direct Stafford Loans to graduate and professional students

Section 455(a)(3) of the Higher Education Act of 1965 (20 U.S.C. 1087e(a)(3)) is amended—

(1) - in the paragraph heading, by inserting "Temporary" before "Termination"; and

(2) - in subparagraph (A), in the matter preceding clause (i), by inserting ", and ending on or before June 30, 2023" after "2012".

3. Inapplicability of rulemaking requirements

The amendments made by this Act shall not be subject to the requirements of section 482(c) or 492 of the Higher Education Act of 1965 (20 U.S.C. 1089(c); 1098a).