Sec. 2101. FEDERAL PELL GRANTS

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## SEC. 2101 FEDERAL PELL GRANTS ###

(a)Amount of Grants Section 401(b) (20 U.S.C. 1070a(b)) is amended— ####

(1)by amending paragraph (2)(A) to read as follows: > > ##### “(A) > > The amount of the Federal Pell Grant for a student eligible under this part shall be— > > > ###### “(i) > > the maximum Federal Pell Grant, as specified in the last enacted appropriation Act applicable to that award year, plus > > > ###### “(ii) > > the amount of the increase calculated under paragraph (8)(B) for that year, less > > > ###### “(iii) > > an amount equal to the amount determined to be the expected family contribution with respect to that student for that year.” > ; and ####

(2)in paragraph (8)— #####

(A)in subparagraph (A)— ######

(i)in the matter preceding clause (i), by striking “, to carry out subparagraph

(B)of this paragraph”; and ######

(ii)by striking clauses

(iii)through

(x)and inserting the following: > > ###### “(iii) > > to carry out subparagraph

(B)of this paragraph, such sums as may be necessary for fiscal year 2010 and each subsequent fiscal year to provide the amount of increase of the maximum Federal Pell Grant required by clauses

(ii)and

(iii)of subparagraph (B); and > > > ###### “(iv) > > to carry out this section, $13,500,000,000 for fiscal year 2011.” > ; #####

(B)in subparagraph (B)— ######

(i)in the matter preceding clause (i), by striking “subparagraph (A)” and inserting “clauses

(i)through

(iii)of subparagraph (A)”; ######

(ii)in clause (ii), by striking “and 2011-2012” and inserting “, 2011-2012, and 2012-2013”; and ######

(iii)by striking clause

(iii)and inserting the following: > > ###### “(iii) > > the amount determined under subparagraph

(C)for each succeeding award year.” > ; and #####

(C)by striking subparagraph

(C)and inserting the following: > > ##### “(C) Adjustment amounts > > > ###### “(i) Award year 2013-2014 > > For award year 2013-2014, the amount determined under this subparagraph for purposes of subparagraph (B)(iii) shall be equal to— > > > ###### “(I) > > $5,550 or the total maximum Federal Pell Grant for the preceding award year (as determined under clause (v)(II)), whichever is greater, increased by a percentage equal to the annual adjustment percentage for award year 2013-2014, reduced by > > > ###### “(II) > > $4,860 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 > > > ###### “(III) > > rounded to the nearest $5. > > > ###### “(ii) Award years 2014-2015 through 2017-2018 > > For each of the award years 2014-2015 through 2017-2018, the amount determined under this subparagraph for purposes of subparagraph (B)(iii) shall be equal to— > > > ###### “(I) > > the total maximum Federal Pell Grant for the preceding award year (as determined under clause (v)(II)), 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 > > > ###### “(II) > > $4,860 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 > > > ###### “(III) > > rounded to the nearest $5. > > > ###### “(iii) Subsequent award years > > For award year 2018-2019 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 clause

(ii)for award year 2017-2018. > > > ###### “(iv) Definitions > > For purposes of this subparagraph— > > > ###### “(I) > > the term ‘annual adjustment percentage’ as applied to an award year, is equal to the estimated percentage change in the Consumer Price Index (as determined by the Secretary, using the definition in section 478(f)) for the most recent calendar year ending prior to the beginning of that award year; and > > > ###### “(II) > > the term ‘total maximum Federal Pell Grant’ as applied to a preceding award year, is equal to the sum of— > > > ###### “(aa) > > the maximum Federal Pell Grant for which a student is eligible during an award year, as specified in the last enacted appropriation Act applicable to that preceding award year; and > > > ###### “(bb) > > the amount of the increase in the maximum Federal Pell Grant required by this paragraph for that preceding award year.” > . ###

(b)Conforming Amendments Title IV (20 U.S.C. 1070 et seq.) is further amended— ####

(1)in section 401(b) (20 U.S.C. 1070a(b))— #####

(A)in paragraph (4)— ######

(i)by striking “maximum basic grant level specified in the appropriate appropriation Act” and inserting “maximum amount of a Federal Pell Grant award determined under paragraph (2)(A)”; and ######

(ii)by striking “such level” each place it appears and inserting “such Federal Pell Grant amount” in each such place; and #####

(B)in paragraph (6), by striking “the grant level specified in the appropriate Appropriation Act for this subpart for such year” and inserting “the maximum amount of a Federal Pell Grant award determined under paragraph (2)(A), for which a student is eligible during such award year”; ####

(2)in section 402D(d)(1) (20 U.S.C. 1070a-14(d)(1)), by striking “exceed the maximum” and all that follows through “Grant, for” and inserting “exceed the Federal Pell Grant amount, determined under section 401(b)(2)(A), for which a student is eligible, or be less than the minimum Federal Pell Grant amount described in section 401(b)(4), for”; ####

(3)in section 435(a)(5)(A)(i)(I) (20 U.S.C. 1085(a)(5)(A)(i)(I)), by striking “one-half the maximum Federal Pell Grant award for which a student would be eligible” and inserting “one-half the Federal Pell Grant amount, determined under section 401(b)(2)(A), for which a student would be eligible”; ####

(4)in section 483(e)(3)(A)(ii) (20 U.S.C. 1090(e)(3)(A)(ii)), by striking “based on the maximum Federal Pell Grant award at the time of application” and inserting “based on the Federal Pell Grant amount, determined under section 401(b)(2)(A), for which a student is eligible at the time of application”; ####

(5)in section 485E(b)(1)(A) (20 U.S.C. 1092f(b)(1)(A)), by striking “of such students’ potential eligibility for a maximum Federal Pell Grant under subpart 1 of part A” and inserting “of such students’ potential eligibility for the Federal Pell Grant amount, determined under section 401(b)(2)(A), for which the student would be eligible”; and ####

(6)in section 894(f)(2)(C)(ii)(I) (20 U.S.C. 1161y(f)(2)(C)(ii)(I)), by striking “the maximum Federal Pell Grant for each award year” and inserting “the Federal Pell Grant amount, determined under section 401(b)(2)(A), for which a student may be eligible for each award year”. ###

(c)Effective Date **[**[20 U.S.C. 1070a note](/us/usc/t20/s1070a)**]** The amendments made by subsections

(a)and

(b)shall take effect on July 1, 2010.

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