Sec. 401. Year-round Federal Pell Grants; extension of Federal Pell Grant inflation adjustments
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Section 401 ( 20 U.S.C. 1070a ) is amended— in subsection (a)(1), by striking through fiscal year 2017 and inserting through fiscal year 2020 ; in subsection (b)— in paragraph (2)(A)(ii), by striking paragraph (7)(B) and inserting paragraph (9)(B) ; by redesignating paragraphs
(5)through
(7)as paragraphs
(7)through (9), respectively; by inserting after paragraph
(4)the following: The purpose of this paragraph is to establish a year-round Federal Pell Grant program to allow eligible students to accelerate the time needed to earn a degree. In this paragraph, the term eligible student means a student who— has received a Federal Pell Grant for an award year and is enrolled in a program of study for 1 or more additional payment periods during the same award year that are not otherwise covered by the student's Federal Pell Grant; continues to meets all eligibility requirements to receive a Federal Pell Grant under this section; and attends an institution of higher education on not less than a half-time basis. Notwithstanding any other provision of this subsection, the Secretary shall award an additional Federal Pell Grant to an eligible student for the additional payment periods during an award year that are not otherwise covered by the student's Federal Pell Grant for the award year. In the case of a student receiving more than one Federal Pell Grant in a single award year under subparagraph (C), the total amount of the Federal Pell Grants awarded to such student for the award year shall not exceed an amount equal to 150 percent of the total maximum Federal Pell Grant for such award year calculated in accordance with paragraph (9)(C)(iv)(II). Any period of study covered by a Federal Pell Grant awarded under subparagraph
(C)shall be included in determining a student's duration limit under subsection (c)(5). In any case where an eligible student is receiving a Federal Pell Grant for a payment period that spans 2 award years, the Secretary shall allow the eligible institution in which the student is enrolled to determine the award year to which the additional period shall be assigned. ; and in paragraph (9)(C), as redesignated by subparagraph (B)— in clause (ii)— in the clause heading, by striking and inserting 2017–2018 ; and 2020–2021 in the matter preceding subclause (I), by striking 2017–2018 and inserting 2020–2021 ; and in clause (iii)— by striking 2018–2019 and inserting 2021–2022 ; and by striking 2017–2018 and inserting 2020–2021 ; and by adding at the end the following: Each eligible institution shall notify each student enrolled in the institution who is receiving a Federal Pell Grant of the student's remaining period of eligibility for a Federal Pell Grant in accordance with subsection (c)(5), at the times required under paragraph
(2)and (3). An eligible institution shall provide the notification described in paragraph
(1)to a student receiving a Federal Pell Grant— not less than once a year while the student is enrolled in the institution; and in the case of a student with 2 years, or less, of Federal Pell Grant eligibility remaining, not less than once a semester (or its equivalent) while the student is enrolled in the institution. In the case of a student who is receiving a Federal Pell Grant who is also a borrower of a loan made, insured, or guaranteed under part B (other than a loan made pursuant to section 428C or a loan made on behalf of a student pursuant to section 428B) or made under part D (other than a Federal Direct Consolidation Loan or a Federal Direct PLUS loan made on behalf of a student), the requirement described in paragraph
(1)shall be carried out in accordance with the notification and counseling requirements described in section 485(n). .
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Sec. 401
Year-round Federal Pell Grants; extension of Federal Pell Grant inflation adjustments
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