TITLE V—PELL GRANT AND STUDENT LOAN PROGRAM CHANGES
Sec. 501. Federal Pell Grants.
This section provides $17 billion in mandatory funds over two years to help fill the funding gap
in the Federal Pell Grant program. This additional funding is offset by reductions through reforms to
the student loan program in sections 502 and 503.
Sec. 502. Termination of Authority to Make Interest Subsidized Loans to Graduate
and Professional Students.
This section eliminates the ability of graduate and professional students to take out subsidized
Stafford loans, beginning on July 1, 2012. This elimination does not apply to students enrolled in a
program leading up to a degree or certificate or students enrolled in a program necessary for a
teaching credential or certification where such credential or certification is required by the state.
Sec. 503. Termination of Direct Loan Repayment Incentives.
This section sunsets the Secretary of Education’s authority to provide incentives
for on-time repayment of students loans on July 1, 2012. This section also explicitly
prohibits the Secretary of Education from creating any incentives for on-time
repayment of student loans.
Sec. 504. Inapplicability of Title IV Negotiated Rulemaking and Master Calendar
This section clarifies that the negotiated rulemaking requirement included in
title IV and the master calendar requirements to not apply to the changes made in
Am I reading this right that this suggests JDs will not lose access to subsidized Staffords? I'm a 0L, so I'm just making an educated guess, but you do need a JD to be admitted to the bar in most states, correct?