; and (ii) a professional student may borrow is $130,000, in addition to the amount borrowed for undergraduate education. (C) Phase out provisions Notwithstanding the date of the applicability of the limits set forth in this paragraph, an eligible graduate student, including a professional student, who received a disbursement of a Federal Direct Unsubsidized Stafford loan after June 30, 2023, and before July 1, 2024, for the 2023–2024 award year, may receive a Federal Direct Unsubsidized Stafford loan for the 2024–2025 award year in amounts that are subject to the annual and aggregate loan limits applicable prior to July 1, 2024, if the borrower did not graduate prior to the 2024–2025 award year. (D) Definitions In this paragraph: (i) Graduate student The term graduate student means a student enrolled in a program at the postbaccalaureate level, such as a postbaccalaureate certificate, a master’s degree, or a doctor’s degree. (ii) Professional student The term professional student means a student enrolled in a doctor’s degree-professional practice program. (iii) Postbaccalaureate certificate; master's degree; doctor's degree