Sec. 401. Federal Pell Grants
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Section 401(a) ( 20 U.S.C. 1070a(a) ) is amended— by striking fiscal year 2017 and inserting fiscal year 2024 ; and by inserting an eligible program at after attendance at . Section 401(b) ( 20 U.S.C. 1070a(b) ) is amended— in paragraph (7)(A)(iii)— by inserting and paragraph
(9)after this paragraph ; and by inserting before the semicolon at the end the following: and to provide the additional amount required by paragraph
(9); and by adding at the end the following: Notwithstanding any other provision of this subsection and from the amounts made available pursuant to paragraph (7)(A)(iii) for the purposes of this paragraph, an eligible student who is receiving a Federal Pell Grant for an award year shall receive an amount in addition to such Federal Pell Grant for each payment period of such award year for which the student— is receiving such Federal Pell Grant as long as the amount of such Federal Pell Grant does not exceed the maximum amount of a Federal Pell Grant award determined under paragraph (2)(A) for such award year; and is carrying a work load that— is greater than the normal full-time work load for the course of study the student is pursuing, as determined by the institution of higher education; and will lead to the completion of not less than 30 credit hours (or the equivalent coursework) upon the completion of the final payment period for which the student is receiving the Federal Pell Grant described in clause (i). The amount provided to an eligible student under subparagraph
(A)for an award year may not exceed $300, which shall be equally divided among each payment period of such award year described in clauses
(i)and
(ii)of subparagraph (A). . The amendments made by paragraph
(1)shall take effect with respect to award year 2018–2019 and each succeeding award year. Section 401(c) ( 20 U.S.C. 1070a(c) ) is amended by adding at the end the following: The Secretary shall issue to each student receiving a Federal Pell Grant, an annual status report which shall— inform the student of the remaining period during which the student may receive Federal Pell Grants in accordance with paragraph (5), and provide access to a calculator to assist the student in making such determination; include an estimate of the Federal Pell Grant amounts which may be awarded for such remaining period based on the student’s award amount determined under subsection (b)(2)(A) for the most recent award year; explain how the estimate was calculated and any assumptions underlying the estimate; explain that the estimate may be affected if there is a change— in the student's financial circumstances; or the availability of Federal funding; and describe how the remaining period during which the student may receive Federal Pell Grants will be affected by whether the student is enrolled as a full-time student. Nothing in this paragraph shall be construed to prohibit an institution from offering additional counseling to a student with respect to Federal Pell Grants, but such counseling shall not delay or impede disbursement of a Federal Pell Grant award to the student. . Section 401(e) ( 20 U.S.C. 1070a(e) ) is amended by striking the first sentence and inserting Payments under this section shall be made in the same manner as disbursements under section 465(a). . Section 401(j) of such Act ( 20 U.S.C. 1070a(j) ) is amended by adding at the end the following: The provisions of this subsection shall not apply after the transition period described in section 481B(e)(3). . Section 401 ( 20 U.S.C. 1070a ) is amended by adding at the end the following: No Federal Pell Grant shall be awarded under this subpart to any individual who, with respect to not less than any 3 payment periods, for each such payment period— received at least a portion of a Federal Pell Grant award; and did not complete any credit hours (or credit hour equivalencies) for which the individual was enrolled. The financial aid administrator at an institution may waive the requirement of paragraph (1), if the financial aid administrator— determines that the student was unable to complete the credit hours described in paragraph (1)(B) due to circumstances beyond the student’s control; and makes and documents such a determination on an individual basis. For purposes of paragraph (2), circumstances beyond the student’s control— may include the student withdrawing from classes due to illness; and shall not include withdrawing to avoid a particular grade. . Section 401 ( 20 U.S.C. 1070a ) is further amended, as amended by subsections
(a)through (f), by adding at the end the following: Not later than October 31 of each year, the Secretary shall prepare and submit a report to the authorizing committees that includes the following information with respect to spending for the Federal Pell Grant program for the preceding fiscal year: The total obligations and expenditures for the program for such fiscal year. A comparison of the total obligations and expenditures for the program for such fiscal year— to the most recently available Congressional Budget Office baseline for the program; and in the case in which such fiscal year is fiscal year 2019, 2020, 2021, 2022, 2023, or 2024, to the Congressional Budget Office cost estimate for the program included in the report of the Committee on Education and the Workforce of the House of Representatives accompanying the PROSPER Act, as approved by the Committee. The total obligations and expenditures for the maximum Federal Pell Grant for which a student is eligible, as specified in the last enacted appropriation Act applicable to such fiscal year. A comparison of the total obligations and expenditures for the maximum Federal Pell Grant for which a student is eligible, as specified in the last enacted appropriation Act applicable to such fiscal year— to the most recently available Congressional Budget Office baseline for such maximum Federal Pell Grant; and in the case in which such fiscal year is fiscal year 2019, 2020, 2021, 2022, 2023, or 2024, to the Congressional Budget Office cost estimate for such maximum Federal Pell Grant included in the report of the Committee on Education and the Workforce of the House of Representatives accompanying the PROSPER Act, as approved by the Committee. The total mandatory obligations and expenditures for the amount of the increase in such maximum Federal Pell Grant required by subsection (b)(7)(B) for such fiscal year. A comparison of the total mandatory obligations and expenditures for the amount of the increase in such maximum Federal Pell Grant required by subsection (b)(7)(B)— to the most recently available Congressional Budget Office baseline for the increase; and in the case in which such fiscal year is fiscal year 2019, 2020, 2021, 2022, 2023, or 2024, to the Congressional Budget Office cost estimate for the increase included in the report of the Committee on Education and the Workforce of the House of Representatives accompanying the PROSPER Act, as approved by the Committee. The total mandatory obligations and expenditures for the Federal Pell Grant Bonus required by subsection (b)(9) for such fiscal year. A comparison of the total mandatory obligations and expenditures for the Federal Pell Grant Bonus required by subsection (b)(9) for such fiscal year— to the most recently available Congressional Budget Office baseline for such bonus; and in the case in which such fiscal year is fiscal year 2019, 2020, 2021, 2022, 2023, or 2024, to the Congressional Budget Office cost estimate for such bonus included in the report of the Committee on Education and the Workforce of the House of Representatives accompanying the PROSPER Act, as approved by the Committee. .
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Sec. 401
Federal Pell Grants
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