Sec. 4011. Amount of grants
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Section 401 of the Higher Education Act of 1965 ( 20 U.S.C. 1070a ) is amended— in subsection (a)(1)— by striking through fiscal year 2017 ; and by inserting or as a postbaccalaureate in accordance with subsection (c)(1)(B) after as an undergraduate ; in subsection (b)— in paragraph (2)(A)(ii), by striking paragraph (7)(B) and inserting paragraph (6)(B) ; by striking paragraph (6), and redesignating paragraph
(7)as paragraph (6); and in paragraph (6)(C) (as so redesignated), by amending clause
(iii)to read as follows: For each of the award years 2018–2019, 2019–2020, and 2020–2021 the amount determined under this subparagraph for purposes of subparagraph (B)(iii) shall be equal to the amount determined under clause
(ii)for award year 2017–2018. For award year 2021–2022, the amount determined under this subparagraph for purposes of subparagraph (B)(iii) shall be equal to— $6,195 or the total maximum Federal Pell Grant for the preceding award year (as determined under clause (iv)(II)), whichever is greater, increased by $500; reduced by $5,135 or the maximum Federal Pell Grant for which a student was eligible for the preceding award year, as specified in the last enacted appropriation Act applicable to that year, whichever is greater, and rounded to the nearest $5. For award year 2022–2023 and each subsequent award year, the amount determined under this subparagraph for purposes of subparagraph (B)(iii) shall be equal to— $6,695 or the total maximum Federal Pell Grant for the preceding award year (as determined under clause (iv)(II)), whichever is greater, increased by a percentage equal to the annual adjustment percentage for the award year for which the amount under this subparagraph is being determined; reduced by $5,135 or the maximum Federal Pell Grant for which a student was eligible for the preceding award year, as specified in the last enacted appropriation Act applicable to that year, whichever is greater; and rounded to the nearest $5. ; in subsection (f)— in paragraph (1), by striking the matter preceding subparagraph
(A)and inserting the following: After receiving an application for a Federal Pell Grant under this subpart, the Secretary (including any contractor of the Secretary processing applications for Federal Pell Grants under this subpart) shall, in a timely manner, furnish to the student financial aid administrator at each institution of higher education that a student awarded a Federal Pell Grant under this subpart is attending, the expected family contribution for each such student. Each such student financial administrator shall— ; and in paragraph (3), by striking after academic year 1986–1987 ; and in subsection (j)— in paragraph
(1)by inserting before the period the following: , or if such institution of higher education is subject to an ineligibility determination under section 435(a)(9) or 493I(b) ; and in paragraph
(2)by inserting , final adjusted cohort default rate, or on-time repayment rate before determination .
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Sec. 4011
Amount of grants
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