,i #aae? ,,congress #a/ ,session ,h4 ,r4 #ahhj ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #d1 #bjag,ms4 ,jayapal 7= h]self1 ,mr4 ,ellison1 ,mr4 ,scott ( ,virg9ia1 ,mr4 ,grijalva1 ,mr4 ,nolan1 ,ms4 ,lee1 ,mr4 ,pocan1 ,ms4 ,jackson ,lee1 ,mr4 ,khanna1 ,ms4 ,norton1 ,ms4 ,velzquez1 ,mr4 ,cony]s1 ,mr4 ,rask91 ,mr4 ,swalwell ( ,cali=nia1 ,mr4 ,cicill9e1 ,mr4 ,wel*1 ,mrs4 ,napolitano1 ,mr4 ,langev91 ,mr4 ,blum5au]1 & ,mr4 ,espaillat7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,education & ! ,work=ce ,a ,,bill ,to am5d ! ,high] ,education ,act to ensure ,college = ,all4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,college = ,all ,act ( #bjag4 ,i ,f$]al-,/ate p>tn]%ip to elim9ate tuition & requir$ fees #aja4 ,f$]al-,/ate p>tn]%ip to elim9ate tuition & requir$ fees ,! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja et seq47 is am5d$ by add+ at ! end ! foll[+3 ,,ix ,f$]al-,/ate p>tn]%ip to elim9ate tuition & requir$ fees #ija4 ,grant program to elim9ate tuition & requir$ fees at public in/itutions ( high] education & tribal colleges & univ]sities 7a7 ,def9itions ,9 ?is section3 7#a7 ,aw>d ye> ,! t]m aw>d ye> has ! mean+ giv5 ! t]m 9 section #dha7;a74 7#b7 ,community college ,! t]m community college means-- 7,a7 a public in/itution ( high] education at :i* ! cr$5tial t is pr$om9antly aw>d$ to /ud5ts is at ! sub-baccalaureate level2 or 7,b7 a public po/second>y vocational in/itution1 z def9$ "u section #ajb7;c74 7#c7 ,co/ ( att5dance ,! t]m co/ ( att5dance has ! mean+ giv5 ! t]m 9 section #dgb4 7#d7 ,dual or concurr5t enrollm5t program ,! t]m dual or concurr5t enrollm5t program has ! mean+ giv5 ! t]m 9 section #haja ( ! ,elem5t>y & ,second>y ,education ,act ( #aife4 7#e7 ,e>ly college high s*ool ,! t]m e>ly college high s*ool has ! mean+ giv5 ! t]m 9 section #haja ( ! ,elem5t>y & ,second>y ,education ,act ( #aife4 7#f7 ,eligible ,indian entity ,! t]m eligible ,indian entity means ! entity responsible = ! gov]nance1 op]ation1 or control ( a ,tribal ,college or ,univ]sity4 7#g7 ,eligible /ud5t ,! t]m eligible /ud5t means an individual1 reg>dless ( age1 :o has n obta9$ a baccalaureate degree or high] degree &-- 7,a7 is enroll$1 or plans to enroll1 9 a community college 9 ! ,/ate 9 :i* ! individual is a resid5t or 9 a #b-ye> ,tribal ,college or ,univ]sity2 or 7,b7 is a work+ class or middle class /ud5t1 z describ$ 9 subsection 7d77#c71 :o is enroll$ or plans to enroll 9 a #d-ye> public in/itution ( high] education 9 ! ,/ate 9 :i* ! individual is a resid5t or 9 a #d-ye> ,tribal ,college or ,univ]sity4 7#h7 ,full-"t equival5t eligible /ud5ts ,! t]m full-"t equival5t eligible /ud5ts1 :5 us$ ) respect to an in/itution ( high] education1 has ! mean+ giv5 ! t]m full-"t equival5t /ud5ts1 except t ! calculation %all be made bas$ on ! numb] ( eligible /ud5ts enroll$ at su* in/itution4 7#i7 ,full-"t equival5t /ud5ts ,! t]m full-"t equival5t /ud5ts means ! sum ( ! numb] ( /ud5ts enroll$ full "t at an in/itution1 plus ! full-"t equival5t ( ! numb] ( /ud5ts enroll$ "p "t 7det]m9$ on ! basis ( ! quoti5t ( ! sum ( ! cr$it h\rs ( all "p-"t /ud5ts divid$ by #ab7 at su* in/itution4 7#aj7 ,in/itution ( high] education ,! t]m in/itution ( high] education has ! mean+ giv5 ! t]m 9 section #aja4 7#aa7 ,public #d-ye> in/itution ( high] education ,! t]m public #d-ye> in/itution ( high] education means a public in/itution ( high] education t is n a community college4 7#ab7 ,tribal ,college or ,univ]sity ,! t]m ,tribal ,college or ,univ]sity has ! mean+ giv5 ! t]m 9 section #caf7;b77#c74 7#ac7 #b-ye> ,tribal ,college or ,univ]sity ,! t]m #b-ye> ,tribal ,college or ,univ]sity means a ,tribal ,college or ,univ]sity at :i* ! cr$5tial t is pr$om9antly aw>d$ to /ud5ts is at ! sub-baccalaureate level4 7#ad7 #d-ye> ,tribal ,college or ,univ]sity ,! t]m #d-ye> ,tribal ,college or ,univ]sity means a ,tribal ,college or ,univ]sity t is n a #b-ye> ,tribal ,college or ,univ]sity4 7b7 ,program au?oriz$ 7#a7 ,grants au?oriz$ ,f am\nts appropriat$ "u subsection 7g71 ! ,secret>y %all aw>d grants1 f allotm5ts "u subsection 7c71 to ,/ates & eligible ,indian entities hav+ applications approv$ "u subsection 7e71 to enable ! ,/ates & eligible ,indian entities-- 7,a7 to elim9ate tuition & requir$ fees = all eligible /ud5ts at community colleges 9 ! ,/ate or at #b-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity2 & 7,b7 to elim9ate tuition & requir$ fees = work+ class & middle class eligible /ud5ts1 z describ$ 9 subsection 7d77#c71 at public #d-ye> in/itutions ( high] education 9 ! ,/ate or #d-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity4 7#b7 ,non-f$]al %>e requirem5t 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 ea* ,/ate or eligible ,indian entity t receives a grant "u ?is section %all provide a non-,f$]al %>e ( funds = an aw>d ye> f non-,f$]al s\rces 9 an am\nt t is equal to #cc p]c5t ( ! am\nt requir$ to elim9ate tuition & requir$ fees-- 7i7 9 ! case ( a ,/ate1 at community colleges 9 ! ,/ate = all eligible /ud5ts & at public #d-ye> in/itutions ( high] education 9 ! ,/ate = work+ class & middle class eligible /ud5ts1 z describ$ 9 subsection 7d77#c71 = ! aw>d ye>2 & 7ii7 9 ! case ( an eligible ,indian entity1 at #b-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity = all eligible /ud5ts & at #d-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity = work+ class & middle class eligible /ud5ts1 z describ$ 9 subsection 7d77#c71 = ! aw>d ye>4 7,b7 ,non-f$]al %>e requirem5t = c]ta9 eligible ,indian entities 7i7 ,9 g5]al ,9 ! case ( an eligible ,indian entity t receives a grant "u ?is section = an aw>d ye> = :i* n less ?an #ge p]c5t ( ! /ud5ts enroll$ 9 ! #b-ye> ,tribal ,colleges & ,univ]sities & #d-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity are l[-income /ud5ts1 su* eligible ,indian entity %all provide a non-,f$]al %>e ( funds f non-,f$]al s\rces 9 an am\nt t is equal to n m ?an #e p]c5t ( ! am\nt necess>y to elim9ate tuition & requir$ fees at #b-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity = all eligible /ud5ts & at #d-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity = work+ class & middle class eligible /ud5ts1 z describ$ 9 subsection 7d77#c71 = ! aw>d ye>4 7ii7 ,l[-income /ud5t ,9 ?is subp>agraph1 ! t]m l[-income /ud5t has ! mean+ giv5 su* t]m by ! ,secret>y1 except t su* t]m %all n exclude any /ud5t eligible = a ,f$]al ,pell ,grant "u section #dja4 7iii7 ,data ,9 calculat+ ! numb] ( enroll$ /ud5ts & l[-income /ud5ts = purposes ( clause 7i71 ! ,secret>y %all use-- 7,i7 = ! fir/ aw>d ye> ( ! program "u ?is section1 ! numb] ( /ud5ts enroll$ 9 aw>d ye> #bjae-bjaf2 & 7,,ii7 = ea* subsequ5t aw>d ye>1 ! project$ /ud5t enrollm5t numb]s = ! aw>d ye> = :i* ! allotm5t is made4 7#c7 ,no 9-k9d contributions ,no 9-k9d contribution %all c\nt t[>d ! non-,f$]al %>e requirem5t "u p>agraph 7#b74 7c7 ,det]m9ation ( allotm5t 7#a7 ,fir/ aw>d ye> ( program ,! ,secret>y %all allot1 to ea* eligible ,/ate or eligible ,indian entity t submits an application "u ?is section = a grant "u subsection 7b77#a7 = ! fir/ aw>d ye> ( ! program "u ?is section1 an am\nt t is equal to #fg p]c5t 7or n less ?an #ie p]c5t 9 ! case ( an eligible ,indian entity describ$ 9 subsection 7b77#b77;,b77 ( ! total rev5ue receiv$-- 7,a7 9 ! case ( a ,/ate1 f all eligible /ud5ts at community colleges 9 ! ,/ate & f work+ class & middle class eligible /ud5ts1 z describ$ 9 subsection 7d77#c71 at public #d-ye> in/itutions ( high] education 9 ! ,/ate 9 ! =m ( tuition & requir$ fees =-- 7i7 ) respect to a ,/ate t did n elim9ate tuition & requir$ fees z describ$ 9 p>agraphs 7#b7 & 7#c7 ( subsection 7d7 = ! prec$+ aw>d ye>1 aw>d ye> #bjae-bjaf2 or 7ii7 ) respect to a ,/ate t has elim9at$ tuition & requir$ fees z describ$ 9 su* p>agraphs1 ! la/ aw>d ye> t ! ,/ate *>g$ tuition & requir$ fees2 & 7,b7 9 ! case ( an eligible ,indian entity1 f all eligible /ud5ts at #b-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity & f work+ class & middle class eligible /ud5ts1 z describ$ 9 subsection 7d77#c71 at #d-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity1 9 ! =m ( tuition & requir$ fees =-- 7i7 ) respect to an eligible ,indian entity t did n elim9ate tuition & requir$ fees z describ$ 9 p>agraphs 7#b7 & 7#c7 ( subsection 7d7 = ! prec$+ aw>d ye>1 aw>d ye> #bjae-bjaf2 or 7ii7 ) respect to an eligible ,indian entity t has elim9at$ tuition & requir$ fees z describ$ 9 su* p>agraphs1 ! la/ aw>d ye> = :i* ! eligible ,indian entity *>g$ tuition & requir$ fees4 7#b7 ,fir/ aw>d ye> allotm5t = ,/ates & eligible indian entities apply+ aft] ! fir/ ye> ( ! program 7,a7 ,9 g5]al ,! ,secret>y %all allot to ea* eligible ,/ate or eligible ,indian entity t submits its fir/ application = a grant "u subsection 7b77#a7 = ! second or a subsequ5t ye> ( ! program "u ?is section1 an am\nt equal to-- 7i7 ! product (-- 7,i7 ! allotm5t ! eligible ,/ate or eligible ,indian entity w\ld h receiv$ 9 ! fir/ aw>d ye> ( ! program "u ?is section if ! ,/ate or eligible ,indian entity _h submitt$ an application = su* ye>2 7,,ii7 ! project$ full-"t equival5t eligible /ud5ts figure = all community colleges & public #d-ye> in/itutions ( high] education ( ! eligible ,/ate1 or all #b-ye> ,tribal ,colleges & ,univ]sities & #d-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity1 = ! aw>d ye> = :i* ! allotm5t is made2 & 7,,iii7 ! am\nt ( additional exp5ditures p] full-"t equival5t eligible /ud5t by ! eligible ,/ate or eligible ,indian entity t w be necess>y to elim9ate tuition & requir$ fees = ea* su* /ud5t = ! aw>d ye> = :i* ! allotm5t is made2 divid$ by 7ii7 ! product (-- 7,i7 ! full-"t equival5t eligible /ud5ts figure = all community colleges & public #d-ye> in/itutions ( high] education ( ! eligible ,/ate1 or all #b-ye> ,tribal ,colleges & ,univ]sities & #d-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity1 = ! fir/ aw>d ye> ( ! program = :i* ! eligible ,/ate or eligible ,indian entity 0 eligible to submit an application "u ?is section2 & 7,,ii7 ! am\nt ( exp5ditures p] full-"t equival5t eligible /ud5t by ! eligible ,/ate or eligible ,indian entity t w\ld h be5 necess>y to elim9ate tuition & requir$ fees = ea* su* /ud5t = ! fir/ aw>d ye> ( ! program = :i* ! eligible ,/ate or eligible ,indian entity 0 eligible to submit an application "u ?is section4 7,b7 ,project$ enrollm5t ,if ! project$ full-"t equival5t eligible /ud5ts figure ( ! ,/ate or eligible ,indian entity "u subp>agraph 7,a7 is m ?an #be p]c5t l>g] ?an ! full-"t equival5t eligible /ud5ts figure = ! prec$+ ye>1 ! ,secret>y may *all5ge su* enrollm5t projection & (f] an alt]native enrollm5t projection :i* %all be us$ 9 ! =mula "u subp>agraph 7,a7 = det]m9+ ! allotm5t4 7#c7 ,subsequ5t aw>d ye>s 7,a7 ,9 g5]al ,! ,secret>y %all allot to an eligible ,/ate or eligible ,indian entity submitt+ an application = a grant "u subsection 7b77#a7 = a second or subsequ5t ye> aft] receiv+ a grant "u p>agraph 7#a7 or 7#b71 an am\nt equal to-- 7i7 ! product (-- 7,i7 ! allotm5t receiv$ = ! fir/ aw>d ye> = :i* ! eligible ,/ate or eligible ,indian entity submitt$ an application2 7,,ii7 ! project$ full-"t equival5t eligible /ud5ts figure = all community colleges & public #d-ye> in/itutions ( high] education ( ! eligible ,/ate1 or all #b-ye> ,tribal ,colleges & ,univ]sities & #d-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity1 = ! aw>d ye> = :i* ! allotm5t is made2 & 7,,iii7 ! am\nt ( additional exp5ditures p] full-"t equival5t eligible /ud5t by ! eligible ,/ate or eligible ,indian entity t w be necess>y to elim9ate tuition & requir$ fees = ea* su* /ud5t = ! aw>d ye> = :i* ! allotm5t is made2 divid$ by 7ii7 ! product (-- 7,i7 ! full-"t equival5t eligible /ud5t figure = all community colleges & public #d-ye> in/itutions ( high] education ( ! eligible ,/ate1 or all #b-ye> ,tribal ,colleges & ,univ]sities & #d-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity1 = ! fir/ aw>d ye> t ! ,/ate or eligible ,indian entity p>ticipates "u p>agraph 7#a7 or 7#b71 z ! case may be2 & 7,,ii7 ! am\nt ( exp5ditures p] full-"t equival5t eligible /ud5t by ! eligible ,/ate or eligible ,indian entity t 0 necess>y to elim9ate tuition & requir$ fees = ea* su* /ud5t = ! fir/ aw>d ye> t ! ,/ate or eligible ,indian entity p>ticipates "u p>agraph 7#a7 or 7#b71 z ! case may be4 7,b7 ,project$ enrollm5t ,if ! project$ full-"t equival5t eligible /ud5ts figure ( ! ,/ate or eligible ,indian entity "u subp>agraph 7,a7 is m ?an #be p]c5t l>g] ?an ! full-"t equival5t eligible /ud5ts figure = ! prec$+ ye>1 ! ,secret>y may *all5ge su* enrollm5t projection & (f] an alt]native enrollm5t projection :i* %all be us$ 9 ! =mula "u subp>agraph 7,a7 = det]m9+ ! allotm5t4 7#d7 ,actual enrollm5t figures 7,a7 ,9 g5]al ,by n lat] ?an ,novemb] #a ( ! second aw>d ye> = :i* a ,/ate or eligible ,indian entity receives an allotm5t "u ?is section1 & ea* succe$+ ,novemb] #a1 su* ,/ate or eligible ,indian entity %all report to ! ,secret>y its actual full-"t equival5t eligible /ud5ts figure = ! prec$+ aw>d ye>4 7,b7 ,adju/m5ts ,if ! actual full-"t equival5t eligible /ud5ts figure = ! prec$+ aw>d ye> report$ "u subp>agraph 7,a7-- 7i7 exce$s ! project$ enrollm5t t 0 us$ = det]m9+ ! allotm5t = ! prec$+ aw>d ye>1 not)/&+ any o!r provision ( ?is section1 ! allotm5t = ! aw>d ye> 9 :i* ! ,novemb] #a date falls = ! ,/ate or eligible ,indian entity %all be increas$ to reflect su* actual enrollm5t1 :i* figure %all be increas$ by ! ,/ate ,gross ,dome/ic ,product ,price ,index1 or ! ,gross ,dome/ic ,product ,price ,index ( ! ,/ate 9 :i* ! eligible ,indian entity op]ates2 or 7ii7 is bel[ ! project$ enrollm5t t 0 us$ = det]m9+ ! allotm5t = ! prec$+ aw>d ye>1 not)/&+ any o!r provision ( ?is section1 ! allotm5t = ! aw>d ye> 9 :i* ! ,novemb] #a date falls = ! ,/ate or eligible ,indian entity %all be decreas$ to reflect su* actual enrollm5t1 :i* figure %all be increas$ by ! av]age int]e/ rate on #e-ye> ,unit$ ,/ates ,treasury securities issu$ dur+ ! prec$+ aw>d ye>4 7#e7 ,additional funds ,if a ,/ate or eligible ,indian entity provides additional funds t[>d r$uc+ ! co/ ( att5dance & improv+ in/ruction at in/itutions ( high] education beyond ! co/ ( elim9at+ tuition & requir$ fees z describ$ 9 p>agraphs 7#b7 & 7#c7 ( subsection 7d7 = any aw>d ye> t is m ?an ! non-,f$]al %>e requirem5t "u subsection 7b77#b7 & ! ma9t5ance ( exp5ditures requirem5t "u p>agraphs 7#d7 & 7#e7 ( subsection 7d71 ! ,secret>y %all provide to ! ,/ate or eligible ,indian entity an am\nt equal to su* additional fund+ provid$ by ! ,/ate or eligible ,indian entity1 :i* am\nt provid$ by ! ,secret>y may be us$ = ! activities describ$ 9 subsection 7f77#b74 7d7 ,/ate & eligible ,indian entity eligibility requirem5ts ,9 ord] to be eligible to receive an allotm5t "u ?is section = an aw>d ye>1 a ,/ate or eligible ,indian entity %all comply ) ! foll[+3 7#a7 ,ensure t public in/itutions ( high] education 9 ! ,/ate or ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity ma9ta9 exp5ditures on in/ruction p] full-"t equival5t /ud5t at levels t are equal to or exce$ ! exp5ditures on in/ruction p] full-"t equival5t /ud5t = aw>d ye> #bjae-bjaf4 7#b7 ,ensure t tuition & requir$ fees = eligible /ud5ts 9 ! ,/ate's community college sy/em or eligible /ud5ts 9 ! #b-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity are elim9at$4 7#c7 7,a7 ,ensure t tuition & requir$ fees = eligible /ud5ts att5d+ ! ,/ate's public #d-ye> in/itutions ( high] education or eligible /ud5ts att5d+ ! #d-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity are elim9at$ z foll[s3 7i7 ,= ! fir/ aw>d ye> ( ! program "u ?is section1 ! ,/ate or eligible ,indian entity %all elim9ate tuition & requir$ fees = su* /ud5ts-- 7,i7 :o are dep5d5t /ud5ts1 ^: p>5ts' adju/$ gross income = ! taxable ye> t is #a ye> prior to ! taxable ye> t ends imm$iately prior to ! beg9n+ ( ! aw>d ye> is equal to or less ?an #abe1jjj2 & 7,,ii7 :o are indep5d5t /ud5ts1 ^: adju/$ gross income = ! taxable ye> t is #a ye> prior to ! taxable ye> t ends imm$iately prior to ! beg9n+ ( ! aw>d ye> is equal to or less ?an #abe1jjj4 7ii7 ,= ea* aw>d ye> aft] ! fir/ aw>d ye> ( ! program "u ?is section1 ! ,/ate or eligible ,indian entity %all elim9ate tuition & requir$ fees = su* /ud5ts-- 7,i7 :o are dep5d5t /ud5ts1 ^: p>5ts' adju/$ gross income = ! taxable ye> t is #a ye> prior to ! taxable ye> t ends imm$iately prior to ! beg9n+ ( ! aw>d ye> is equal to or less ?an ! applicable am\nt2 & 7,,ii7 :o are indep5d5t /ud5ts1 ^: adju/$ gross income = ! taxable ye> t is #a ye> prior to ! taxable ye> t ends imm$iately prior to ! beg9n+ ( ! aw>d ye> is equal to or less ?an ! applicable am\nt4 7,b7 7i7 ,9 ?is p>agraph1 ! t]m applicable am\nt means an am\nt equal to1 = any aw>d ye> beg9n+ aft] ! cal5d> ye> t prec$es ! cal5d> ye> 9 :i* ! fir/ aw>d ye> ( ! program "u ?is section beg9s1 ! great] (-- 7,i7 ! am\nt det]m9$ "u ?is subp>agraph = ! prec$+ aw>d ye>1 or 7,,ii7 an am\nt equal to ! product (-- 7aa7 #abe1jjj1 & 7bb7 ! ratio (-- 7,,aa7 ! national av]age wage index 7z def9$ 9 section #bji7k77#a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dji7k77#a777 = ! cal5d> ye> prec$+ ! cal5d> ye> 9 :i* ! applicable aw>d ye> beg9s1 to 7,,bb7 ! national av]age wage index 7z s def9$7 = #bjaf4 7ii7 ,if any am\nt det]m9$ "u clause 7i7 is n a multiple ( #ajj1 su* am\nt %all be r\nd$ to ! ne>e/ multiple ( #ajj4 7#d7 ,ma9ta9 ,/ate op]at+ exp5ditures p] full-"t equival5t /ud5t = public in/itutions ( high] education 9 ! ,/ate1 or op]at+ exp5ditures p] full-"t equival5t /ud5t = ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity1 exclud+ ! am\nt ( funds provid$ "u ?is section1 at a level t is equal to or exce$s ! level ( su* support = aw>d ye> #bjae-bjaf4 7#e7 ,ma9ta9 ,/ate exp5ditures on ne$-bas$ f9ancial aid programs = enrollm5t 9 public in/itutions ( high] education 9 ! ,/ate or exp5ditures on ne$-bas$ f9ancial aid programs = enrollm5t 9 ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity at a level t is equal to or exce$s ! level ( su* support = aw>d ye> #bjae-bjaf4 7#f7 ,ensure public in/itutions ( high] education 9 ! ,/ate or ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity ma9ta9 fund+ = in/itutional ne$-bas$ /ud5t f9ancial aid 9 an am\nt t is equal to or exce$s ! level ( su* support = aw>d ye> #bjae-bjaf4 7#g7 ,provide an assurance t n lat] ?an #e ye>s aft] ! fir/ aw>d ye> = :i* ! grant is aw>d$1 n less ?an #ge p]c5t ( in/ruction at public in/itutions ( high] education 9 ! ,/ate or ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity is provid$ by t5ur$ or t5ure-track faculty4 7#h7 ,require t public in/itutions ( high] education 9 ! ,/ate or ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity provide1 = ea* /ud5t enroll$ at ! in/itution :o receives ! maximum ,f$]al ,pell ,grant aw>d "u subp>t #a ( "p ,a ( title ,,iv1 in/itutional /ud5t f9ancial aid 7exclud+ /ud5t loans7 9 an am\nt equal to #ajj p]c5t ( ! diff]5ce betwe5-- 7,a7 ! co/ ( att5dance at su* in/itution2 & 7,b7 ! sum (-- 7i7 ! am\nt ( ! maximum ,f$]al ,pell ,grant aw>d2 & 7ii7 ! /ud5t's expect$ family contribution4 7#i7 ,ensure t public in/itutions ( high] education 9 ! ,/ate or ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity n adopt policies to r$uce enrollm5t4 7#aj7 ,provide an assurance t public in/itutions ( high] education 9 ! ,/ate or ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity w n *>ge out ( ,/ate /ud5ts an am\nt t exce$s ! m>g9al co/ ( att5d+ in/itutions ( high] education 9 ! ,/ate or ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity4 7#aa7 ,provide an assurance t public in/itutions ( high] education 9 ! ,/ate or ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity t *>ge non-eligible 9-,/ate /ud5ts tuition & requir$ fees1 w n *>ge su* /ud5ts a rate t exce$s ! rate = ! la/ ye> t tuition & requir$ fees 7 *>g$ to eligible /ud5ts1 increas$ by ! p]c5tage *ange = subsequ5t ye>s 9 ! exp5ditures p] full-"t equival5t eligible /ud5t by ! ,/ate or eligible entity t is necess>y to cont9ue to elim9ate tuition & requir$ fees = eligible /ud5ts4 7e7 ,submission & cont5ts ( application ,= ea* aw>d ye> = :i* a ,/ate or eligible ,indian entity desires a grant "u ?is section1 an application %all be submitt$ to ! ,secret>y at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require4 ,su* application %all be submitt$ by-- 7#a7 9 ! case ( a ,/ate1 ! ,/ate ag5cy ) jurisdiction ov] high] education or ano!r ag5cy designat$ by ! ,gov]nor or *ief executive ( ! ,/ate to adm9i/] ! program "u ?is section2 & 7#b7 9 ! case ( an eligible ,indian entity1 ! eligible ,indian entity or a ,tribal ,college or ,univ]sity ( ! eligible ,indian entity4 7f7 ,use ( funds 7#a7 ,9 g5]al ,a ,/ate or eligible ,indian entity t receives a grant "u ?is section %all use ! grant funds & ! non-,f$]al %>e funds requir$ "u ?is section-- 7,a7 to elim9ate tuition & requir$ fees = all eligible /ud5ts at community colleges 9 ! ,/ate or at #b-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity2 & 7,b7 to elim9ate tuition & requir$ fees = work+ class & middle class eligible /ud5ts1 z describ$ 9 subsection 7d77#c71 at public #d-ye> in/itutions ( high] education 9 ! ,/ate or #d-ye> ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity4 7#b7 ,additional fund+ ,once tuition & requir$ fees h be5 elim9at$ pursuant to p>agraph 7#a71 a ,/ate or eligible ,indian entity t receives a grant "u ?is section %all use any rema9+ grant funds & non-,f$]al %>e funds requir$ "u ?is section to r$uce ! co/ ( att5dance & increase ! quality ( in/ruction & /ud5t support s]vices at public in/itutions ( high] education 9 ! ,/ate or at ,tribal ,colleges & ,univ]sities ( ! eligible ,indian entity by c>ry+ out any ( ! foll[+3 7,a7 ,provid+ additional non-loan aid to /ud5ts1 :i* may include ne$-bas$ /ud5t f9ancial aid1 to r$uce or elim9ate ! co/ ( att5dance = a public in/itution ( high] education or a ,tribal ,college or ,univ]sity beyond elim9at+ tuition & requir$ fees4 7,b7 ,exp&+ academic c\rse (f]+s & high-quality occupational skills tra9+ programs to /ud5ts4 7,c7 ,increas+ ! numb] & p]c5tage ( full-"t in/ructional faculty1 includ+ full-"t t5ure & t5ure-track in/ructional faculty4 7,d7 ,provid+ all faculty ) pr(essional supports to help /ud5ts succe$1 su* z pr(essional developm5t opportunities1 (fice space1 & %>$ gov]nance 9 ! in/itution4 7,e7 ,comp5sat+ "p-"t faculty = "w done outside ( ! classroom relat+ to in/ruction1 su* z hold+ (fice h\rs4 7,f7 ,/r5g!n+ & ensur+ all /ud5ts h access to /ud5t support s]vices su* z academic advis+1 c\nsel+1 & tutor+4 7,g7 ,exp&+ access to dual or concurr5t enrollm5t programs & e>ly college high s*ool programs4 7,h7 ,any o!r additional activities t improve in/ructional quality & academic outcomes = /ud5ts z approv$ by ! ,secret>y ?r\gh a pe] review process4 7#c7 ,prohibition ,a ,/ate or eligible ,indian entity t receives a grant "u ?is section may n use grant funds or non-,f$]al %>e funds requir$ "u ?is section-- 7,a7 = ! con/ruction ( a nonacademic facility1 su* z a /ud5t c5t] or /adium2 7,b7 = m]it-bas$ /ud5t f9ancial aid2 7,c7 = ne$-bas$ /ud5t f9ancial aid 7except to ! ext5t funds available "u subsection 7c77#e7 are us$ to c>ry out p>agraph 7#b77;,a772 7,d7 to pay ! sal>ies or b5efits ( s*ool adm9i/rators2 7,e7 = capital outlays or def]r$ ma9t5ance2 or 7,f7 = exp5ditures on a?letics o!r ?an activities op5 to all memb]s ( ! campus community4 7g7 ,au?orization ( appropriations 7#a7 ,9 g5]al ,!re are au?oriz$ to be appropriat$1 & !re are appropriat$1 to c>ry out ?is section-- 7,a7 su* sums z may be necess>y = ! f\r? qu>t] ( fiscal ye> #bjag2 7,b7 #da1jjj1jjj1jjj = fiscal ye> #bjah2 & 7,c7 su* sums z may be necess>y = ea* ( ! fiscal ye>s #bjai ?r\gh #bjbg4 7#b7 ,availability ( funds ,funds made available pursuant to p>agraph 7#a77;,a7 %all be available = obligation f ,octob] #a1 #bjaf to ,septemb] #cj1 #bjag4 ,funds made available pursuant to subp>agraph 7,b7 or 7,c7 ( p>agraph 7#a7 %all be available = obligation ?r\gh ,septemb] #cj ( ! fiscal ye> succe$+ ! fiscal ye> = :i* su* sums 7 appropriat$4 #ijb4 ,grant program = private hi/orically black colleges & univ]sities & private m9ority-s]v+ in/itutions 7a7 ,def9itions ,except z o!rwise provid$1 9 ?is section3 7#a7 ,community college ,! t]m community college has ! mean+ giv5 ! t]m 9 section #ija4 7#b7 ,eligible in/itution 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,d71 ! t]m eligible in/itution means a private1 nonpr(it #b-ye> in/itution or #d-ye> in/itution t-- 7i7 is-- 7,i7 a "p ,b in/itution 7z def9$ 9 section #cbb72 7,,ii7 a ,hispanic-s]v+ in/itution 7z def9$ 9 section #ejb72 7,,iii7 a ,tribal ,college or ,univ]sity 7z def9$ 9 section #caf7 ^: entity responsible = ! gov]nance1 op]ation1 or control ( ! ,college or ,univ]sity has n receiv$ a grant "u section #ija2 7,,iv7 an ,alaska ,native-s]v+ in/itution or a ,native ,hawaiian-s]v+ in/itution 7z def9$ 9 section #cag7;b772 7,v7 a ,pr$om9antly ,black in/itution 7z def9$ 9 section #cga7;c772 7,,vi7 an ,asian ,am]ican & ,native ,am]ican ,pacific ,isl&]-s]v+ in/itution 7z def9$ 9 section #cga7;c772 or 7,,vii7 a ,native ,am]ican-s]v+ nontribal in/itution 7z def9$ 9 section #cga7;c772 7ii7 has a /ud5t body ( :i* n less ?an #ce p]c5t are l[-income /ud5ts2 7iii7 ensures t tuition & requir$ fees = eligible /ud5ts enroll$ 9 ! in/itution are elim9at$ or significantly r$uc$ dur+ any p]iod = :i* ! in/itution receives a grant "u ?is section2 7iv7 ma9ta9s exp5ditures on in/ruction p] a full-"t equival5t eligible /ud5t at levels t meet or exce$ ! exp5ditures on in/ruction p] a full-"t equival5t eligible /ud5t = aw>d ye> #bjae-bjaf2 7v7 w inve/ in/itutional funds & seek additional fund+ to r$uce or elim9ate tuition & requir$ fees = all /ud5ts2 7vi7 ma9ta9s exp5ditures on ne$-bas$ f9ancial aid programs = /ud5ts enroll$ at ! in/itution at a level t meets or exce$s ! level ( su* support = aw>d ye> #bjae-bjaf2 7vii7 provides an assurance t ! in/itution w increase ! am\nt ( in/ruction provid$ by t5ur$ or t5ure-track faculty2 & 7viii7 does n adopt policies to r$uce enrollm5t4 7,b7 #b-ye> in/itution ,! t]m #b-ye> in/itution means an in/itution at :i* ! cr$5tial t is pr$om9antly aw>d$ to /ud5ts is at ! sub-baccalaureate level4 7,c7 #d-ye> in/itution ,! t]m #d-ye> in/itution means an in/itution t is n a #b-ye> in/itution4 7,d7 ,exception 7i7 ,9 g5]al ,an eligible in/itution z describ$ 9 subp>agraph 7,a7 %all n be an eligible in/itution = purposes ( ?is section = ! p]iod describ$ 9 clause 7ii7 if su* in/itution 0 a =-pr(it in/itution at any "t t conv]t$ to a nonpr(it in/itution4 7ii7 ,p]iod ( ineligibility ,an in/itution describ$ "u clause 7i7 %all n be an eligible in/itution = purposes ( ?is section = a p]iod ( #be ye>s f ! date ! in/itution conv]t$ f a =-pr(it in/itution to a nonpr(it in/itution or #be ye>s aft] ! date ( enactm5t ( ?is ,act1 :i*ev] p]iod is long]4 7#c7 ,eligible /ud5t ,! t]m eligible /ud5t means a l[-income /ud5t enroll$ 9 an eligible in/itution :o has n obta9$ a baccalaureate degree or a high] degree4 7#d7 ,full-"t equival5t eligible /ud5ts ,! t]m full-"t equival5t eligible /ud5ts means ! sum ( ! numb] ( eligible /ud5ts project$ to enroll full "t at an in/itution = an aw>d ye>1 plus ! full-"t equival5t ( ! numb] ( eligible /ud5ts project$ to be enroll$ "p "t 7det]m9$ on ! basis ( ! quoti5t ( ! sum ( ! cr$it h\rs ( all "p-"t eligible /ud5ts divid$ by #ab7 at su* in/itution1 = su* aw>d ye>4 7#e7 ,l[-income /ud5t ,! t]m l[-income /ud5t has ! mean+ giv5 su* t]m by ! ,secret>y1 except t su* t]m %all n exclude any /ud5t eligible = a ,f$]al ,pell ,grant "u section #dja4 7#f7 ,public #d-ye> in/itution ( high] education ,! t]m public #d-ye> in/itution ( high] education has ! mean+ giv5 ! t]m 9 section #ija4 7b7 ,au?orization ( grant program 7#a7 ,9 g5]al ,f am\nts appropriat$ "u subsection 7e71 ! ,secret>y %all aw>d grants1 f allotm5ts "u p>agraph 7#b71 to eligible in/itutions hav+ applications approv$ "u subsection 7c71 to enable ! eligible in/itutions to elim9ate or significantly r$uce tuition & requir$ fees = eligible /ud5ts4 7#b7 ,allotm5ts ,subject to p>agraph 7#c71 ! ,secret>y %all allot1 = ea* aw>d ye>1 to ea* eligible in/itution hav+ an application approv$ "u subsection 7c71 an am\nt t is equal to ! product (-- 7,a7 tuition & requir$ fees = eligible /ud5ts at ! eligible in/itution = ! aw>d ye>1 & 7,b7 ! numb] ( full-"t equival5t eligible /ud5ts project$ to enroll 9 ! eligible in/itution = ! aw>d ye>4 7#c7 ,limitations 7,a7 ,limitations on in/itutional allotm5ts ,9 mak+ allotm5ts "u p>agraph 7#b7 = an aw>d ye>1 ! ,secret>y %all n aw>d an allotm5t t is-- 7i7 ) respect to an eligible in/itution t op]ates 9 a ,/ate t has elim9at$ tuition & requir$ fees z describ$ 9 p>agraphs 7#b7 & 7#c7 ( section #ija7;d7 = ! prec$+ aw>d ye>1 m ?an ! am\nt equal to ! product (-- 7,i7 ! numb] ( project$ full-"t equival5t eligible /ud5ts = ! aw>d ye>2 & 7,,ii7 ! exp5ditures p] full-"t equival5t eligible /ud5t1 includ+ ! ,f$]al allotm5t & non-,f$]al %>e1 "u section #ija = ! prec$+ aw>d ye> = ! ,/ate 7or1 9 ! case ( a ,/ate t did n receive a grant "u su* section = ! prec$+ aw>d ye>1 ! am\nt ne$$ to elim9ate tuition & requir$ fees = full-"t equival5t eligible /ud5ts 9 ! ,/ate1 calculat$ 9 ! same mann] z su* am\nt is calculat$ "u section #ija7;c7 = ! prec$+ aw>d ye> = ! ,/ate71 at-- 7aa7 if ! eligible in/itution is a #b-ye> in/itution1 community colleges 9 ! ,/ate 9 :i* ! in/itution op]ates2 or 7bb7 if ! eligible in/itution is a #d-ye> in/itution1 public #d-ye> in/itutions ( high] education 9 ! ,/ate 9 :i* ! in/itution op]ates2 & 7ii7 ) respect to an eligible in/itution t op]ates 9 a ,/ate t has n elim9at$ tuition & requir$ fees z describ$ 9 p>agraphs 7#b7 & 7#c7 ( section #ija7;d7 = ! prec$+ aw>d ye>1 m ?an ! am\nt equal to ! product (-- 7,i7 ! numb] ( project$ full-"t equival5t eligible /ud5ts = ! aw>d ye>2 & 7,,ii7 ! av]age tuition & requir$ fees = ! prec$+ aw>d ye> at-- 7aa7 if ! eligible in/itution is a #b-ye> in/itution1 public #b-ye> in/itutions ( high] education 9 ! ,/ate 9 :i* ! in/itution op]ates2 or 7bb7 if ! eligible in/itution is a #d-ye> in/itution1 public #d-ye> in/itutions ( high] education 9 ! ,/ate 9 :i* ! in/itution op]ates4 7,b7 ,limitations on tuition hikes 7i7 ,fir/ aw>d ye> ,= ! fir/ aw>d ye> = :i* an eligible in/itution applies = a grant "u ?is section1 su* eligible in/itution %all n increase tuition & requir$ fees at a rate t is great] ?an any annual increase 9 tuition & requir$ fees at ! eligible in/itution = ! #e ye>s prec$+ su* fir/ aw>d ye>4 7ii7 ,succe$+ aw>d ye>s 7,i7 ,9 g5]al ,= ea* aw>d ye> aft] ! fir/ aw>d ye> = :i* an eligible in/itution receives a grant "u ?is section1 su* eligible in/itution %all n increase tuition & requir$ fees = eligible /ud5ts f ! prec$+ aw>d ye> at a rate t is great] ?an ! p]c5tage increase 9 ! ,employm5t ,co/ ,index = ! aw>d ye> = :i* ! grant is receiv$1 z comp>$ to ! ,employm5t ,co/ ,index = ! aw>d ye> prec$+ ! aw>d ye> = :i* ! grant is receiv$4 7,,ii7 ,employm5t co/ index ,9 ?is subp>agraph1 ! t]m ,employm5t ,co/ ,index1 :5 us$ ) respect to an aw>d ye>1 means ! ,employm5t ,co/ ,index = total comp5sation = private indu/ry work]s by b>ga9+ /atus & c5sus region & division 7n seasonally adju/$7 ( ! division 9 :i* ! eligible entity is locat$1 z provid$ by ! ,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor1 t is provid$ = ! ,decemb] t imm$iately prec$es ! />t ( ! aw>d ye>4 7#d7 ,actual enrollm5t figures 7,a7 ,9 g5]al ,by n lat] ?an ,novemb] #a ( ! second aw>d ye> = :i* an eligible in/itution receives a grant "u ?is section1 su* eligible in/itution %all report to ! ,secret>y its actual full-"t equival5t eligible /ud5ts figure = ! prec$+ aw>d ye>4 7,b7 ,adju/m5ts ,if ! actual full-"t equival5t eligible /ud5ts figure = ! prec$+ aw>d ye> report$ "u subp>agraph 7,a7-- 7i7 exce$s ! project$ enrollm5t t 0 us$ = det]m9+ ! allotm5t "u subp>agraph 7#b77;,b7 = ! prec$+ aw>d ye>1 not)/&+ any o!r provision ( ?is ,act1 ! allotm5t = ! aw>d ye> 9 :i* ! ,novemb] #a date falls = ! eligible in/itution %all be increas$ to reflect su* actual enrollm5t1 :i* figure %all be increas$ by ! ,gross ,dome/ic ,product ,price ,index ( ! ,/ate 9 :i* ! eligible in/itution op]ates2 or 7ii7 is bel[ ! project$ enrollm5t t 0 us$ = det]m9+ ! allotm5t "u subp>agraph 7#b77;,b7 = ! prec$+ aw>d ye>1 not)/&+ any o!r provision ( ?is ,act1 ! allotm5t = ! aw>d ye> 9 :i* ! ,novemb] #a date falls = ! eligible in/itution %all be decreas$ to reflect su* actual enrollm5t1 :i* figure %all be increas$ by ! av]age int]e/ rate on #e-ye> ,unit$ ,/ates ,treasury securities issu$ dur+ ! prec$+ aw>d ye>4 7c7 ,application ,an eligible in/itution t desires to receive a grant "u ?is section %all submit to ! ,secret>y an application at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require4 7d7 ,prohibition ,an eligible in/itution t receives a grant "u ?is section may n use grant funds "u ?is section-- 7#a7 = ! con/ruction ( a nonacademic facility1 su* z a /ud5t c5t] or /adium2 7#b7 = m]it-bas$ or ne$-bas$ /ud5t f9ancial aid2 7#c7 to pay ! sal>ies or b5efits ( s*ool adm9i/rators2 7#d7 = capital outlays or def]r$ ma9t5ance2 or 7#e7 = exp5ditures on a?letics o!r ?an activities op5 to all memb]s ( ! campus community4 7e7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$1 & !re are appropriat$1 to c>ry out ?is section-- 7#a7 su* sums z may be necess>y = ! f\r? qu>t] ( fiscal ye> #bjag2 7#b7 #a1cdj1jjj1jjj = fiscal ye> #bjah2 & 7#c7 su* sums z may be necess>y = ea* ( ! fiscal ye>s #bjai ?r\gh #bjbg4 4 #ajb4 ,increas+ success = l[-income & fir/ g5]ation /ud5ts 7a7 ,au?orization ( appropriations = f$]al ,,trio programs ,section #djb;,a7g7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajgj;a-#aa7;g77 is am5d$ by ins]t+ aft] ! fir/ s5t5ce ! foll[+3 ,= ! purpose ( mak+ grants & contracts "u ?is *apt]1 !re are au?oriz$ to be appropriat$ #a1jhj1jjj1jjj = fiscal ye> #bjah1 #a1bfj1jjj1jjj = fiscal ye> #bjai1 #a1ddj1jjj1jjj = fiscal ye> #bjbj1 #a1fbj1jjj1jjj = fiscal ye> #bjba1 #a1hjj1jjj1jjj = fiscal ye> #bjbb1 & su* sums z may be necess>y = ea* ( fiscal ye>s #bjbc ?r\gh #bjbg44 7b7 ,au?orization ( appropriations = ,,ge> ,,up programs ,section #djd;,h ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajgj;a-#bh7 is am5d$ by /rik+ #djj1jjj1jjj & all t foll[s ?r\gh ! p]iod & ins]t+ #daj1jjj1jjj = fiscal ye> #bjah & su* sums z may be necess>y = ea* ( fiscal ye>s #bjai ?r\gh #bjbg44 ,,ii ,expansion ( "w /udy to meet ! ne$s ( today's /ud5ts #bja4 ,au?orization ( ,appropriations ,section #dda7;b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg-ea7;b77 is am5d$ to read z foll[s3 7b7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to c>ry out ?is "p-- 7#a7 #a1jjj1jjj1jjj = fiscal ye> #bjah2 7#b7 #a1ejj1jjj1jjj = fiscal ye> #bjai2 7#c7 #b1jjj1jjj1jjj = fiscal ye> #bjbj2 7#d7 #b1ejj1jjj1jjj = fiscal ye> #bjba2 7#e7 #c1jjj1jjj1jjj = fiscal ye> #bjbb2 & 7#f7 su* sums z may be necess>y = ea* ( fiscal ye>s #bjbc-bjbg4 4 #bjb4 ,re=m ( ! "w /udy =mula ,section #ddb ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg-eb7 is am5d$-- 7#a7 by /rik+ subsection 7a7 & ins]t+ ! foll[+3 7a7 ,revision to ! ,f$]al "w /udy allocation ,! ,secret>y %all allocate funds "u ?is section solely on ! basis ( ! self-help ne$ det]m9ation describ$ "u subsection 7c74 2 7#b7 9 subsection 7c7-- 7,a7 9 p>agraph 7#b71 by /rik+ ,to det]m9e ! self-help ne$ ( an in/itution's eligible und]graduate /ud5ts1 & ins]t+ ,until su* "t z ! ,secret>y e/abli%es a revis$ me?od to det]m9e ! self-help ne$ ( an in/itution's eligible und]graduate /ud5ts1 9 accordance ) p>agraph 7#e712 7,b7 9 p>agraph 7#c71 by /rik+ ,to det]m9e ! self-help ne$ ( an in/itution's eligible graduate & pr(essional /ud5ts1 & ins]t+ ,until su* "t z ! ,secret>y e/abli%es a revis$ me?od to det]m9e ! self-help ne$ ( an in/itution's eligible graduate & pr(essional /ud5ts1 9 accordance ) p>agraph 7#e712 & 7,c7 by add+ at ! end ! foll[+3 7#e7 ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ! ,college = ,all ,act ( #bjag1 ! ,secret>y %all e/abli% revis$ me?ods = det]m9+ ! self-help ne$ ( an in/itution's eligible und]graduate /ud5ts1 z describ$ 9 p>agraph 7#b71 & eligible graduate & pr(essional /ud5ts1 z describ$ 9 p>agraph 7#c71 t %all take into acc\nt ! numb] ( ,f$]al ,pell ,grant eligible l[-income & mod]ate-income /ud5ts t an eligible in/itution s]ves & provide consid]ations = eligible in/itutions t successfully demon/rate improv$ employm5t outcomes4 ,! ,secret>y %all promulgate any regulations necess>y to c>ry out ! revis$ me?ods ( det]m9+ an eligible in/itution's self-help ne$ "u ?is subsection4 2 & 7#c7 by add+ at ! end ! foll[+3 7f7 ,funds ,to exp& job location developm5t programs ,not)/&+ any o!r provision ( ?is "p1 to promote c>e] read9ess & improve ! employm5t skills ( ,f$]al ,pell ,grant-eligible /ud5ts1 ! ,secret>y is au?oriz$ to ent] into agreem5ts ) eligible in/itutions "u :i* su* in/itution may use n m ?an #bj p]c5t or #aej1jjj ( its allotm5t "u ?is section1 :i*ev] am\nt is less1 to exp& job location developm5t programs1 :i* may be coord9at$ ) ,/ate & local work=ce developm5t bo>ds4 4 ,,iii ,/ud5t loan relief = millions ( borr[]s #cja4 ,re/oration ( c]ta9 int]e/ rate provisions ,section #dee7;b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;e7b77 is am5d$-- 7#a7 9 p>agraph 7#h7-- 7,a7 9 ! head+1 by /rik+ ,,on ,,or ,,aft] ,,july #a1 #bjac & ins]t+ ,,on ,,or ,,aft] ,,july #a1 #bjac1 ,,& ,,be=e ,,july #a1 #bjag2 & 7,b7 by /rik+ on or aft] ,july #a1 #bjac & ins]t+ on or aft] ,july #a1 #bjac1 & be=e ,july #a1 #bjag ea* place ! t]m appe>s2 7#b7 by r$esignat+ p>agraphs 7#i7 & 7#aj7 z p>agraphs 7#aj7 & 7#aa71 respectively2 & 7#c7 by ins]t+ aft] p>agraph 7#h7 ! foll[+3 7#i7 ,int]e/ rate provisions = new loans on or aft] ,july #a1 #bjag 7,a7 ,rates = und]graduate ,,fdsl & ,,fdusl ,not)/&+ ! prec$+ p>agraphs ( ?is subsection1 = ,f$]al ,direct ,/af=d ,loans & ,f$]al ,direct ,unsubsidiz$ ,/af=d ,loans issu$ to und]graduate /ud5ts1 = :i* ! fir/ disbursem5t is made on or aft] ,july #a1 #bjag1 ! applicable rate ( int]e/ %all1 dur+ any #ab-mon? p]iod beg9n+ on ,july #a & end+ on ,june #cj1 be det]m9$ on ! prec$+ ,june #a & be equal to-- 7i7 ! bond equival5t rate ( #ia-;day ,treasury bills auction$ at ! f9al auction held prior to su* ,june #a2 plus 7ii7 #a4ji p]c5t1 except t su* rate %all n exce$ #e p]c5t4 7,b7 ,9 s*ool & grace p]iod rules = und]graduates ,not)/&+ ! prec$+ p>agraphs ( ?is subsection1 ) respect to any ,f$]al ,direct ,/af=d ,loan or ,f$]al ,direct ,unsubsidiz$ ,/af=d ,loan issu$ to an und]graduate /ud5t = :i* ! fir/ disbursem5t is made on or aft] ,july #a1 #bjag1 ! applicable rate ( int]e/ = int]e/ :i* accrues-- 7i7 prior to ! beg9n+ ( ! repaym5t p]iod ( ! loan2 or 7ii7 dur+ ! p]iod 9 :i* pr9cipal ne$ n be paid 7:e!r or n su* pr9cipal is 9 fact paid7 by reason ( a provision describ$ 9 subsection 7f71 %all be det]m9$ "u subp>agraph 7,a7 by sub/itut+ #j4di p]c5t = #a4ji p]c5t4 7,c7 ,rates = graduate & pr(essional fdusl ,not)/&+ ! prec$+ p>agraphs ( ?is subsection1 = ,f$]al ,direct ,unsubsidiz$ ,/af=d ,loans issu$ to graduate or pr(essional /ud5ts1 = :i* ! fir/ disbursem5t is made on or aft] ,july #a1 #bjag1 ! applicable rate ( int]e/ %all1 dur+ any #ab-mon? p]iod beg9n+ on ,july #a & end+ on ,june #cj1 be det]m9$ "u subp>agraph 7,a7-- 7i7 by sub/itut+ #a4hf p]c5t = #a4ji p]c5t2 & 7ii7 by sub/itut+ #h4be p]c5t = #e p]c5t4 7,d7 ,9 s*ool & grace p]iod rules = graduate & pr(essional /ud5ts ,not)/&+ ! prec$+ p>agraphs ( ?is subsection1 ) respect to any ,f$]al ,direct ,unsubsidiz$ ,/af=d ,loan issu$ to a graduate /ud5t or pr(essional /ud5t = :i* ! fir/ disbursem5t is made on or aft] ,july #a1 #bjag1 ! applicable rate ( int]e/ = int]e/ :i* accrues-- 7i7 prior to ! beg9n+ ( ! repaym5t p]iod ( ! loan2 or 7ii7 dur+ ! p]iod 9 :i* pr9cipal ne$ n be paid 7:e!r or n su* pr9cipal is 9 fact paid7 by reason ( a provision describ$ 9 subsection 7f71 %all be det]m9$ "u subp>agraph 7,a7 by sub/itut+ #a4bf p]c5t = #a4ji p]c5t4 7,e7 ,plus loans ,not)/&+ ! prec$+ p>agraphs ( ?is subsection1 ) respect to ,f$]al ,direct ,,plus ,loan = :i* ! fir/ disbursem5t is made on or aft] ,july #a1 #bjag1 ! applicable rate ( int]e/ %all be det]m9$ "u subp>agraph 7,a7-- 7i7 by sub/itut+ #b4cf p]c5t = #a4ji p]c5t2 & 7ii7 by sub/itut+ #h4be p]c5t = #e p]c5t4 7,f7 ,consolidation loans ,not)/&+ ! prec$+ p>agraphs ( ?is subsection1 any ,f$]al ,direct ,consolidation loan = :i* ! application is receiv$ on or aft] ,july #a1 #bjag1 %all be> int]e/ at an annual rate on ! unpaid pr9cipal balance ( ! loan t is equal to ! less] (-- 7i7 ! weight$ av]age ( ! int]e/ rates on ! loans consolidat$1 r\nd$ to ! ne>e/ high] #a_/h ( #a p]c5t2 or 7ii7 #h4be p]c5t4 4 #cjb4 ,borr[] modification ( int]e/ rates "u title ,,iv ,section #dee7;b7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;e7b771 z am5d$ by section #cja1 is fur!r am5d$ by add+ at ! end ! foll[+3 7#ab7 ,borr[] modification ( int]e/ rate 7,a7 ,modification ,not)/&+ any o!r provision ( law1 ! borr[] ( a ,f$]al ,/af=d ,loan "u section #dbh1 a ,f$]al ,direct ,/af=d ,loan1 a ,f$]al ,unsubsidiz$ ,/af=d ,loan "u section #dbh;,h1 a ,f$]al ,direct ,unsubsidiz$ ,/af=d ,loan1 a ,f$]al ,,plus ,loan "u section #dbh;,b1 a ,f$]al ,direct ,,plus ,loan1 a ,f$]al ,consolidation ,loan "u section #dbh;,c1 or a ,f$]al ,direct ,consolidation ,loan may elect to modify ! int]e/ rate ( ! loan to be equal to-- 7i7 9 ! case ( a ,f$]al ,direct ,/af=d ,loan1 a ,f$]al ,direct ,unsubsidiz$ ,/af=d ,loan1 a ,f$]al ,direct ,,plus ,loan1 or a ,f$]al ,direct ,consolidation ,loan1 ! int]e/ rate t w\ld be applicable to su* loan if su* loan 7 fir/ disburs$ 7or 9 ! case ( a ,f$]al ,direct ,consolidation ,loan1 fir/ appli$ =7 on ! date on :i* su* borr[] elects to modify ! int]e/ rate ( su* loan2 & 7ii7 9 ! case ( a ,f$]al ,/af=d ,loan1 a ,f$]al ,unsubsidiz$ ,/af=d ,loan1 a ,f$]al ,,plus ,loan1 or a ,f$]al ,consolidation ,loan1 ! weight$ av]age ( ! int]e/ rates applicable to loans "u "p ,b on ! date ! loan 0 fir/ disburs$ 7or 9 ! case ( a ,f$]al ,consolidation ,loan1 fir/ appli$ =74 7,b7 ,fix$ rate ,except z provid$ 9 subp>agraph 7,c71 an int]e/ rate elect$ "u subp>agraph 7,a7 = a loan %all be fix$ = ! life ( ! loan4 7,c7 ,cont9u+ au?ority to modify ,a borr[] may elect to modify ! int]e/ rate ( a loan 9 accordance ) subp>agraph 7,a7 at any "t dur+ ! life ( ! loan4 4 #cjc4 ,excess rev5ue 9 ! ,f$]al ,direct ,loan program 7a7 ,9 g5]al ,! ,secret>y ( ,education %all1 = ea* fiscal ye> beg9n+ ) ! fir/ full fiscal ye> foll[+ ! date ( enactm5t ( ?is ,act1 z soon z practicable aft] ! end ( su* fiscal ye>1 det]m9e :e!r ! am\nt ( ,f$]al funds exp5d$ to c>ry out ! ,william ,d4 ,=d ,f$]al ,direct ,loan ,program "u "p ,d ( title ,,iv ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;a et seq47 dur+ su* fiscal ye> 0 less ?an ! rev5ue receiv$ f su* ,program dur+ su* fiscal ye>4 7b7 ,excess rev5ue ,if ! ,secret>y det]m9es1 = any fiscal ye>1 t ! am\nt ( ,f$]al funds exp5d$ to c>ry out su* ,f$]al ,direct ,loan ,program1 z describ$ 9 subsection 7a71 dur+ su* fiscal ye> 0 less ?an ! rev5ue receiv$ f su* ,program dur+ su* fiscal ye>1 ! ,secret>y %all use ! rev5ue 9 excess ( ! funds exp5d$ to c>ry out ! ,f$]al ,pell ,grant ,program "u subp>t #a ( "p ,a ( title ,,iv ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajgj;a et seq47 = ! succe$+ fiscal ye>4 ,,iv ,snyd] ,act #dja4 ,rule ( con/ruction reg>d+ ! ,snyd] ,act ,no?+ 9 ?is ,act1 or an am5dm5t made by ?is ,act1 %all be con/ru$ to *ange or abrogate ! ,f$]al ,gov]nm5t's responsibilities "u ! ,act ( ,novemb] #b1 #aiba 7commonly kn[n z ! ,snyd] ,act7 7#be ,u4,s4,c4 #ac74