; and (II) the authority to borrow loans in accordance with this subclause shall terminate at the end of the academic year ending before September 30, 2024. (D) Institutional determined limits (i) In general Notwithstanding any other provision of this subsection, an eligible institution (at the discretion of a financial aid administrator at the institution) may prorate or limit the amount of a loan any student enrolled in a program of study at that institution may borrow under this part for an academic year— (I) if the institution, using the most recently available data from the Bureau of Labor Statistics for the average starting salary in the region in which the institution is located for typical occupations pursued by graduates of such program, can reasonably demonstrate that student debt levels are or would be excessive for such program; (II) in a case in which the student is enrolled on a less than full-time basis or the student is enrolled for less than the period of enrollment to which the annual loan limit applies under this subsection, based on the student’s enrollment status; (III) based on the credential level (such as a degree, certificate, or other recognized educational credential) that the student would attain upon completion of such program