; and (bb) the family’s available assets computed under section 476(c)(1); and (III) when used with respect to an independent student with dependents, means the amount equal to, with respect to such student, the adjusted available income computed under section 477(a)(1)(A). . 202. Termination of interest subsidized loans (a) Program authority Section 451(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1087a(a) ) is amended by adding at the end the following: No new Federal Direct Stafford Loans, as referenced under section 455(a)(2)(A), may be made under this part after June 30, 2024, and no funds are authorized to be appropriated, or may be expended, under this Act or any other Act to make such Federal Direct Stafford Loans for which the first disbursement is after June 30, 2024. . (b) Termination of authority Section 455(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(a) ) is amended by adding at the end the following: (4) Termination of authority to make interest subsidized loans to any student Notwithstanding any provision of this part or part B, for any period of instruction beginning on or after July 1, 2024— (A) a student shall not be eligible to receive a Federal Direct Stafford loan under this part