; (2) in subsection (c), by striking authorized by and inserting allocated under ; (3) in subsection (e)(1)— (A) in subparagraph (C), by striking ; and and inserting a semicolon; and (B) by adding at the end the following: (E) has administered Federal work-study for at least 2 years; and ; and (4) by amending subsection (f) to read as follows: (f) Allocation of reserved funds (1) In general Subject to paragraph (2), from the amount reserved under section 442(a)(2) for a fiscal year to carry out this section, the Secretary shall allocate to each work college that submits an application under subsection (c) an amount equal to the amount that bears the same proportion to the amount appropriated for such fiscal year as the number of students eligible for employment under a work-study program under this part who are enrolled at the work college bears to the total number of students eligible for employment under a work-study program under this part who are enrolled at all work colleges. (2) Reallotment of unmatched funds If a work college is unable to match funds received under paragraph (1) in accordance with subsection (d), any unmatched funds shall be returned to the Secretary and the Secretary shall reallot such funds on the same basis as funds are allocated under paragraph (1). . D Federal Direct Student Loan Program 451. Termination of Federal Direct Loan Program under part D and other conforming amendments (a) Appropriations Section 451 ( 20 U.S.C. 1087a ) is amended— (1) in subsection (a), by adding at the end the following: No sums may be expended after September 30, 2024, with respect to loans under this part for which the first disbursement is after such date. ; and (2) by adding at the end, the following: (c) Termination of authority To make new loans Notwithstanding subsection (a) or any other provision of law— (1) no new loans may be made under this part after September 30, 2024