119-s-1948119th CongressWALLET

POST GRAD Act

Sponsored By: Senator Padilla, Alex [D-CA]

Introduced

Summary

Temporary reinstatement of Stafford loan authority for graduate and professional students. This bill would treat the 2012 termination of the authority to make Federal Direct Stafford Loans to graduate and professional students as temporary and would restore that lending authority only through June 30, 2023. It would also exempt the amendment from certain Higher Education Act rulemaking and negotiated rulemaking requirements to speed implementation.

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  • Graduate and professional students: Would regain access to Federal Direct Stafford Loans for a temporary period ending June 30, 2023.
  • Federal education agencies and institutions: The amendment would not be subject to specific Higher Education Act rulemaking requirements in sections 482(c) or 492, which removes those negotiated rule steps for implementing the change.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Temporary Stafford loans for grad students

If enacted, the bill would temporarily let the Department of Education make Federal Direct Stafford Loans to graduate and professional students. The authority would remain in effect until on or before June 30, 2023. If enacted, this change would take effect upon enactment. The bill would also say the amendment does not have to follow certain HEA rulemaking steps, which could speed implementation. The bill does not set new loan amounts or change other Stafford Loan terms beyond the temporary reinstatement.

Sponsors & CoSponsors

Sponsor

Padilla, Alex [D-CA]

CA • D

Cosponsors

  • Sen. Booker, Cory A. [D-NJ]

    NJ • D

    Sponsored 6/4/2025

  • Sen. Duckworth, Tammy [D-IL]

    IL • D

    Sponsored 6/4/2025

  • Sen. Kim, Andy [D-NJ]

    NJ • D

    Sponsored 6/4/2025

  • Sen. Van Hollen, Chris [D-MD]

    MD • D

    Sponsored 6/4/2025

  • Sen. Wyden, Ron [D-OR]

    OR • D

    Sponsored 6/4/2025

  • Sen. Schiff, Adam B. [D-CA]

    CA • D

    Sponsored 6/10/2025

Roll Call Votes

No roll call votes available for this bill.

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