UNSUBSIDIZED STAFFORD LOAN LIMITS.

SEC. 428. UNSUBSIDIZED STAFFORD LOAN LIMITS.(a) Amendments.—Section 428H(d) (20 U.S.C. 1078–8(d)) is amended—(1) in paragraph (2)—122 STAT. 3236(A) in the paragraph heading, by striking “Graduate and professional students” and inserting “Graduate, professional, and independent postbaccalaureate students”; and(B) in subparagraph (A)—(i) in the matter preceding clause (i), by inserting “, or a student described in clause (ii),” after “graduate or professional student”; and(ii) by striking clause (ii) and inserting the following:“(ii) notwithstanding paragraph (4), in the case of an independent student, or a dependent student whose parents are unable to borrow under section 428B or the Federal Direct PLUS Loan Program, who has obtained a baccalaureate degree and who is enrolled in coursework specified in paragraph (3)(B) or (4)(B) of section 484(b)—“(I) $7,000 for coursework necessary for enrollment in a graduate or professional program; and“(II) $7,000 for coursework necessary for a professional credential or certification from a State required for employment as a teacher in an elementary or secondary school,”; and(2) in paragraph (4)(A), by striking clause (iii) and inserting the following:“(iii) in the case of such a student enrolled in coursework specified in—“(I) section 484(b)(3)(B), $6,000; or“(II) section 484(b)(4)(B), $7,000.”.(b) Effective Date.—The amendments made by this section shall take effect for loans for which the first disbursement is made on or after July 1, 2008.