Home/All Topics/OBBBA TextSection 401(b)(7)(A)(iii) of the Higher Education Act of 1965 (20 U.S.C. 1070a(b)(7)(A)(iii)) is amended by striking “$2,170,000,000” and inserting “$12,670,000,000”. ← Sec. 83002. Workforce Pell GrantsOBBBA TextAll TopicsBack to top ↑Sec. 83004. Federal Pell Grant exclusion relating to other grant aid →

Home/All Topics/OBBBA Text(a) In general.—Section 401 of the Higher Education Act of 1965 (20 U.S.C. 1070a) is amended by adding at the end the following: “(k) Workforce pell grant program.— “(1) IN GENERAL.—For the award year beginning on July 1, 2026, and each subsequent award year, the Secretary shall award grants (to be known as…

Home/All Topics/OBBBA Text(a) Foreign income and federal pell grant eligibility.— (1) ADJUSTED GROSS INCOME DEFINED.—Section 401(a)(2)(A) of the Higher Education Act of 1965 (20 U.S.C. 1070a(a)(2)(A)) is amended to read as follows: “(A) the term ‘adjusted gross income’ means— “(i) in the case of a dependent student, for the second tax year preceding the academic…

Home/All Topics/OBBBA TextSEC. 82001. Loan repayment. (a) Transition to income-based repayment plans.— (1) SELECTION.—The Secretary of Education shall take such steps as may be necessary to ensure that before July 1, 2028, each borrower who has one or more loans that are in a repayment status in accordance with, or an administrative forbearance associated with,…

Home/All Topics/OBBBA TextParagraph (1) of section 458(a) of the Higher Education Act of 1965 (20 U.S.C. 1087h(a)(1)) is amended to read as follows: “(1) ADDITIONAL MANDATORY FUNDS FOR SERVICING.—There shall be available to the Secretary (in addition to any other amounts appropriated under any appropriations Act for administrative costs under this part and part B…

Home/All Topics/OBBBA TextSection 455(m)(1)(A) of the Higher Education Act of 1965 (20 U.S.C. 1087e(m)(1)(A)) is amended— (1) in clause (iii), by striking “; or” and inserting a semicolon; (2) in clause (iv), by striking “; and” and inserting “(as in effect on the day before the date of the repeal of subsection (e) of this…

Home/All Topics/OBBBA Text(a) Updating loan rehabilitation limits.— (1) FFEL AND DIRECT LOANS.—Section 428F(a)(5) of the Higher Education Act of 1965 (20 U.S.C. 1078–6(a)(5)) is amended by striking “one time” and inserting “two times”. (2) PERKINS LOANS.—Section 464(h)(1)(D) of the Higher Education Act of 1965 (20 U.S.C. 1087dd(h)(1)(D)) is amended by striking “once” and inserting “twice”.…

Home/All Topics/OBBBA Text(a) Sunset of economic hardship and unemployment deferments.—Section 455(f) of the Higher Education Act of 1965 (20 U.S.C. 1087e(f)) is amended— (1) by striking the subsection heading and inserting the following: “Deferment; forbearance”; (2) in paragraph (2)— (A) in subparagraph (B), by striking “not in” and inserting “subject to paragraph (7), not in”…

Home/All Topics/OBBBA Text(a) Transition to income-based repayment plans.— (1) SELECTION.—The Secretary of Education shall take such steps as may be necessary to ensure that before July 1, 2028, each borrower who has one or more loans that are in a repayment status in accordance with, or an administrative forbearance associated with, an income contingent repayment…

Home/All Topics/OBBBA TextSEC. 81001. Establishment of loan limits for graduate and professional students and parent borrowers; termination of graduate and professional PLUS loans. Section 455(a) of the Higher Education Act of 1965 (20 U.S.C. 1087e(a)) is amended— (1) in paragraph (3)— (A) in the paragraph heading, by inserting “and Federal Direct PLUS loans” after “loans”;…

Home/All Topics/OBBBA TextSection 455(a) of the Higher Education Act of 1965 (20 U.S.C. 1087e(a)) is amended— (1) in paragraph (3)— (A) in the paragraph heading, by inserting “and Federal Direct PLUS loans” after “loans”; (B) by striking subparagraph (A) and inserting the following: “(A) TERMINATION OF AUTHORITY TO MAKE INTEREST SUBSIDIZED LOANS TO GRADUATE AND…

Home/All Topics/OBBBA TextSEC. 80001. Exemption of certain assets. (a) Exemption of certain assets.—Section 480(f)(2) of the Higher Education Act of 1965 (20 U.S.C. 1087vv(f)(2)) is amended— (1) by striking “net value of the” and inserting the following: “net value of— “(A) the”; (2) by striking the period at the end and inserting a semicolon; and…