This bill — known as the POST GRAD Act — would reinstate the ability of the Dept. of Education to make subsidized Federal Direct Stafford Loans to graduate and professional students. Such students have been ineligible for the subsidized Stafford loans since the Budget Control Act of 2011 was signed on August 5, 2011. The difference between Direct Subsidized Loans and Direct Unsubsidized Loans is that the federal government pays the interest on subsidized loans while a student’s enrolled at least half-time, during the six-month grace period after they leave school, and during deferment.
The bill’s full title is the Protecting Our Students by Terminating Graduate Rates that Add to Debt (POST GRAD) Act.