Last month Rep. Judy Chu (D-Calif.) formally reintroduced the Protecting Our Students by Terminating Graduate Rates that Add to Debt (POST GRAD) Act, which would restore subsidized loan eligibility for individuals seeking a graduate degree.
Specifically, the bill would once again make graduate students eligible to receive federal Direct Subsidized Loans, which was ended in 2011 by the Budget Control Act.
“A lifetime of debt shouldn’t be the cost for obtaining a graduate degree,” Chu said in a press release. “So I’m reintroducing the POST GRAD Act to restore the availability of Federal Direct Subsidized Loans for graduate students and make higher education more attainable to everyone in America.”
NASFAA supports the legislation and has been advocating for graduate students to have eligibility for subsidized federal loans restored since the eligibility was eliminated in 2011 as a cost-saving measure.
The bill has been introduced several times in the past without passage. Stay tuned to Today’s News for additional coverage.
Publication Date: 11/6/2023