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Code · BILL · 117th Congress · S. 4459 (Introduced in Senate) — To provide targeted relief for student borrowers, improve the affordability of higher education, provide reforms to t... · Sec. 201

Sec. 201. Increase in maximum Federal Pell Grants

295 words·~1 min read·/bill/117/s/4459/is/section-201·

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Section 401(b)(7)(C)(iii) of the Higher Education Act of 1965 ( 20 U.S.C. 1070a(b)(7)(C)(iii) ) is amended— by inserting (except as provided in the second sentence of this clause) after each subsequent award year ; and by adding at the end the following: For award year 2023–2024, the amount determined under this subparagraph for purposes of subparagraph (B)(iii) shall be equal to $1,475. . Section 401(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1070a(b) ), as amended by section 703 of the FAFSA Simplification Act (title VII of division FF of Public Law 116–260 ), is further amended— in paragraph (1)(B)(i), by striking paragraph (5)(A) and inserting paragraph
(5); and by striking paragraph
(5)and inserting the following: For award year 2024–2025, the total maximum Federal Pell Grant award shall be $9,000. For award year 2025–2026, the total maximum Federal Pell Grant award shall be $9,500. For award year 2026–2027, the total maximum Federal Pell Grant award shall be $10,000. For award year 2027–2028, the total maximum Federal Pell Grant award shall be $10,500. For award year 2028–2029, the total maximum Federal Pell Grant award shall be $11,000. For award year 2029–2030, the total maximum Federal Pell Grant award shall be $11,500. For award year 2030–2031, the total maximum Federal Pell Grant award shall be $12,000. For award year 2031–2032, the total maximum Federal Pell Grant award shall be $12,500. For award year 2032–2033, and each subsequent award year, the total maximum Federal Pell Grant award shall be $13,000. . The amendments made by paragraph
(1)shall take effect as if included in section 703 of the FAFSA Simplification Act (title VII of division FF of Public Law 116–260 ; 134 Stat. 3191) and in accordance with section 701(b) of such Act.
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  • 134 Stat. 3191
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Sec. 201
Increase in maximum Federal Pell Grants
U.S.C.§ 1070a
Pub. L.Public Law 116-260
Stat.134 Stat. 3191
Cites 3Cited by 0 across 0 sources
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