; (2) evaluating the effectiveness of the activities carried out with such grant in accordance with section 415C(b)(3)(A); and (3) collecting and disseminating promising practices related to the activities carried out with such grant, in accordance with section 415C(b)(3)(B). 415E. Authorization of appropriations (a) Authorization To use reserved funds To carry out this subpart, there shall be available to the Secretary any funds remitted to the Secretary as risk-sharing payments in accordance with section 454(d) for any award year. The Secretary shall use the funds received through risk-sharing payments to provide the grants. (b) Secondary authorization In addition to the amounts available to the Secretary under subsection (a) , there are authorized to be appropriated, for fiscal year 2026 and each of the 9 succeeding fiscal years, $2,000,000,000, to carry out this subpart in any award year for which the amounts available under subsection (a) are insufficient to fully fund the PROMISE grants awarded under this subpart in such award year. (c) Insufficient funds If the amounts made available to carry out this subpart for a fiscal year are not sufficient to provide grants to all eligible institutions in the amount determined under this subpart, the Secretary shall first provide grants to the eligible institutions that have the highest percentage of students who are low-income students (as defined in section 415D). . 2 Loans 221. Loan limits (a) Stafford loans (1) Aggregate and annual limits for graduate and professional students Section 455(a) ( 20 U.S.C. 1087e(a) ) is amended— (A) in paragraph (3)— (i) in subparagraph (A)(ii), by inserting before the period at the end the following: , except that for any period of instruction beginning on or after July 1, 2025, such maximum annual amount shall be determined in accordance with subparagraph (C) ; (ii) in subparagraph (B), by inserting before the period at the end the following: for any period of instruction through June 30, 2025