PROGRAM AUTHORITY.

SEC. 358A. PROGRAM AUTHORITY. Section 451 of the Higher Education Act of 1965 (20 U.S.C. 2087a) is amended— (1) by inserting “(a) In General.—” before “There”; and (2) by adding at the end the following new subsection: “(b) Designation.— (1) Program.— The program established under this part shall be referred to as the ‘William D. Ford Federal Direct Loan Program’. (2) Direct loans.— Notwithstanding any other provision of this part, loans made to borrowers under this part that, except as otherwise specified in this part, have the same terms, conditions, and benefits as loans made to borrowers under section 428, shall be known as ‘Federal Direct Stafford/Ford Loans’.”.