; master's degree; doctor's degree; doctor's degree professional-practice The terms postbaccalaureate certificate , master’s degree , doctor’s degree , and doctor’s degree professional-practice shall have the meaning provided in the 2022–2023 glossary of the Integrated Postsecondary Education Data System (OMB NO. 1859–0582 v. 30). (5) Termination of authority to make Federal Direct PLUS loans to graduate and professional students (A) In general Notwithstanding any other provision of law, for any period of instruction beginning on or after July 1, 2024, a graduate student (including a professional student) shall not be eligible to receive a Federal Direct PLUS Loan under this part for enrollment in a program of graduate or doctor's degree professional-practice education. (B) Phase out provisions Not later than 30 days after the date of enactment of the Lowering Education Costs and Debt Act , each institution of higher education that enrolls graduate students or professional students shall notify prospective and enrolled graduate students and professional students that the Federal Direct PLUS Loan program will end for graduate students and professional students on June 30, 2024. (C) Definitions The definitions in paragraph (4)(D) shall apply to this paragraph. (6) Institutionally determined limits Notwithstanding any other provision of this part, an eligible institution (at the discretion of a financial aid administrator at the institution) may prorate or limit the amount of a loan a student who is enrolled in a program of study at that institution for a period of instruction beginning on or after July 1, 2024, may borrow under this part for an academic year, as long as any proration or limit is applied consistently to all borrowers entering such program of study. .