For many years, both undergraduate and graduate students were eligible for the Federal Direct Subsidized Loan Program with the goal of making all levels of post-secondary education accessible to students with a financial need. In 2012, however, changes in the Budget Control Act (P.L. 112-25) eliminated eligibility for graduate students. This change has increased the cost of borrowing significantly and put graduate study out of reach for many students with financial need, especially underrepresented groups.
Urge your members of Congress to support and cosponsor the POST GRAD Act [S. TBD / H.R. 2526], to amend the Higher Education Act of 1965, which would reinstate the authority of the U.S. Secretary of Education to make Federal Direct Stafford Loans to graduate and professional students.