; and (B) the period during which a student may receive Federal Pell Grants shall also include the period required for the completion of the first postbaccalaureate course of study in a case in which— (i) the student received a Federal Pell Grant during the period required for the completion of the student’s first undergraduate baccalaureate course of study for at least 1 but fewer than 18 semesters, or the equivalent of at least 1 but fewer than 18 semesters, as determined under paragraph (5); (ii) the student would otherwise be eligible for a Federal Pell Grant, but for the completion of such baccalaureate course of study; and (iii) the period during which the student receives Federal Pell Grants does not exceed the student’s duration limits under paragraph (5). ; and (B) in paragraph (2), by striking or certificate and inserting , certificate, or first postbaccalaureate degree . II Amendments to terms and conditions of loans and repayment plans A Direct loans 201. Subsidized loans for graduate and professional students Section 455(a)(3) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(a)(3) ) is amended— (1) in subparagraph (A), in the matter preceding clause (i), by striking subparagraph (B) and inserting subparagraphs (B) and (C) ; and (2) by adding at the end the following: (C) Authority to make interest subsidized loans to graduate and professional students For any period of instruction at an institution of higher education (as defined in section 101 or section 102(a)(1)(C), except that a graduate medical school, nursing school, or a veterinary school, located outside the United States that does not meet the requirements of section 101(a)(4) shall be excluded) beginning on or after July 1, 2024, a graduate or professional student shall be eligible to receive a Federal Direct Stafford loan under this part. . 202. Repeal of origination fees Section 455(c)(2) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(c)(2) ) is amended— (1) by striking and at the end of subparagraph (D)