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H.R. 4902 (113th): Creating Higher Education Affordability Necessary to Compete Economically Act


The text of the bill below is as of Jun 19, 2014 (Introduced).


I

113th CONGRESS

2d Session

H. R. 4902

IN THE HOUSE OF REPRESENTATIVES

June 19, 2014

(for herself, Mr. Richmond, Mrs. Davis of California, Mr. Grijalva, Ms. Schakowsky, Ms. Linda T. Sánchez of California, Mr. Garamendi, Mr. Vargas, Mr. Hastings of Florida, Mrs. Napolitano, Mr. Kind, Mr. Rangel, Ms. Clarke of New York, Mr. Engel, Ms. Shea-Porter, Mr. Cohen, Ms. Norton, Ms. Moore, Ms. Brown of Florida, Mrs. Negrete McLeod, Mr. Nolan, Mr. Honda, Mr. Enyart, Mr. Rush, Mr. Rahall, Ms. Brownley of California, Mr. Blumenauer, Mr. Sires, Ms. Jackson Lee, Ms. Pingree of Maine, Mr. Ellison, Mr. Castro of Texas, Mr. Langevin, Mr. Meeks, Mr. Cummings, Mr. Larsen of Washington, Mr. Serrano, Mrs. Kirkpatrick, Mr. Brady of Pennsylvania, Mr. Nadler, and Mr. Lowenthal) introduced the following bill; which was referred to the Committee on Education and the Workforce

A BILL

To improve college affordability.

1.

Short title

This Act may be cited as the Creating Higher Education Affordability Necessary to Compete Economically Act or the Middle Class CHANCE Act .

2.

Increase in the maximum amount of a Federal Pell Grant

Section 401(b)(7)(C) of the Higher Education Act of 1965 ( 20 U.S.C. 1070a(b)(7)(C) ) is amended by striking clauses (ii) and (iii) and inserting the following:

(ii)

Award year 2014–2015

For award year 2014–2015, the amount determined under this subparagraph for purposes of subparagraph (B)(iii) shall be increased to $4,040.

(iii)

Subsequent award years

For award year 2015–2016 and each subsequent award year, the amount determined under this subparagraph for purposes of subparagraph (B)(iii) shall be equal to—

(I)

the amount determined under this subparagraph for the preceding award year; increased by

(II)

a percentage equal to the annual adjustment percentage for the award year for which the amount under this subparagraph is being determined; and

(III)

rounded to the nearest $5.

.

3.

Year-Round Federal Pell Grant students

(a)

In general

Section 401(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1070a(b) ) is amended by adding at the end the following:

(8)

Year-Round Federal Pell Grant students

(A)

In General

Notwithstanding any other provision of this subsection, the Secretary shall award, to an eligible student who meets the requirements in subparagraph (B) who has received a Federal Pell Grant for an award year and is enrolled in a program of study for one or more additional payment periods during the same award year that are not otherwise covered by the student's Federal Pell Grant, an additional Federal Pell Grant for the additional payment periods.

(B)

Eligibility

In order to be eligible to receive the additional Federal Pell Grant for an award year that is described in subparagraph (A), a student shall, in addition to meeting all eligibility requirements for the receipt of a Federal Pell Grant—

(i)

be enrolled full-time in an institution of higher education; and

(ii)

have successfully completed at least a full-time course load (as determined by the institution) prior to receiving an additional Federal Pell Grant award as described in subparagraph (A).

(C)

Amounts

In the case of a student receiving more than one Federal Pell Grant in a single award year under subparagraph (A), the total amount of the Federal Pell Grants awarded to such student for the award year shall not exceed an amount equal to 150 percent of the total maximum Federal Pell Grant for such award year calculated in accordance with paragraph (7)(C)(iv)(II).

(D)

Inclusion in duration limit

Any period of study covered by a Federal Pell Grant awarded under subparagraph (A) shall be included in determining a student's duration limit under subsection (c)(5).

(9)

Crossover period

In any case where an eligible student is receiving a Federal Pell Grant for a payment period that spans 2 award years, the Secretary shall allow the eligible institution in which the student is enrolled to determine the award year to which the additional period shall be assigned.

.

(b)

Effective date

The amendment made by subsection (a) shall take effect on July 1, 2014.

4.

Pell Grant Duration Limit

Section 401(c)(5) of the Higher Education Act of 1965 ( 20 U.S.C. 1070a(c)(5) ) is amended by striking 12 semesters and inserting 15 semesters each place the term appears.