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Code · BILL · 116th Congress · S. 2471 (Introduced in Senate) — To give middle-class families access to the maximum Federal Pell Grant, to increase college transparency, and State m... · Sec. 2

Sec. 2. Increase in the maximum amount of a Federal Pell Grant

187 words·~1 min read·/bill/116/s/2471/is/section-2

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Section 401(b)(7)(C) of the Higher Education Act of 1965 ( 20 U.S.C. 1070a(b)(7)(C) ) is amended— in clause (i)(I), by striking clause (iv)(II) and inserting clause (v)(II) ; in clause (ii)(I), by striking clause (iv)(II) and inserting clause (v)(II) ; by redesignating clauses
(iii)and
(iv)as clauses
(iv)and (v), respectively; by inserting after clause
(ii)the following: For award year 2019–2020, the amount determined under this subparagraph for purposes of subparagraph (B)(iii) shall be equal to— $10,000; reduced by the maximum Federal Pell Grant for which a student would be eligible using the criteria provided under section 479; and rounded to the nearest $5. ; and by striking clause (iv), as redesignated by paragraph (3), and inserting the following: For award year 2020–2021 and each subsequent award year, the amount determined under this subparagraph for purposes of subparagraph (B)(iii) shall be equal to— the amount determined under this subparagraph for the preceding award year; increased by a percentage equal to the annual adjustment percentage for the award year for which the amount under this subparagraph is being determined; and rounded to the nearest $5. .
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Sec. 2
Increase in the maximum amount of a Federal Pell Grant
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