JOBS Act of 2014

To amend the Higher Education Act of 1965 in order to allow the Secretary of Education to award job training Federal Pell Grants. 1. Short title This Act may be cited as the Jumpstart Our Businesses by Supporting Students Act of 2014 JOBS Act of 2014 2. Job training Federal Pell Grants Section 401 of the Higher Education Act of 1965 ( 20 U.S.C. 1070a (k) Job training Federal Pell Grant program (1) In general For the award years beginning on July 1, 2014, and ending on June 30, 2020, the Secretary shall carry out a program through which the Secretary awards job training Federal Pell Grants to students in job training programs. Each job training Federal Pell Grant awarded under this subsection shall have the same terms and conditions, and be awarded in the same manner, as a Federal Pell Grant awarded under subsection (a), except as follows: (A) A student who is eligible to receive a job training Federal Pell Grant under this subsection is a student who— (i) has not yet attained a baccalaureate degree or postbaccalaureate degree; (ii) attends an eligible institution of higher education; (iii) is enrolled in, or accepted for enrollment in, a job training program at such institution of higher education that does not lead to a baccalaureate degree; and (iv) meets all other eligibility requirements for a Federal Pell Grant (except with respect to the type of program of study, as provided in clause (iii)). (B) The amount of a job training Federal Pell Grant for an eligible student shall be determined under subsection (b)(2)(A), except that— (i) the maximum Federal Pell Grant for purposes of an award under this subsection shall be $2,430; (ii) no increase shall be calculated under subsection (b)(7)(B) for a student receiving a job training Federal Pell Grant under this subsection; and (iii) the requirement of subsection (b)(4) prohibiting Federal Pell Grants of less than a certain amount shall not apply. (2) Inclusion in total eligibility period Any period during which a student receives a job training Federal Pell Grant under this subsection shall be included in calculating the student's period of eligibility for Federal Pell Grants under subsection (c), and any regulations under such subsection regarding students who are enrolled in an undergraduate program on less than a full-time basis shall similarly apply to students who are enrolled in a job training program at an eligible institution on less than a full-time basis. (3) Definition of job training program In this subsection, the term job training program (A) provides not less than 150 clock hours of instructional time over a period of not less than 8 weeks; (B) provides training needed to meet the needs of the local or regional workforce; (C) provides a student, upon completion of the program, with a recognized educational credential that is recognized by the relevant industry and meets the requirements of subparagraph (D); (D) has been determined, by the institution of higher education, to provide academic content, an amount of instructional time, and a recognized educational credential that are sufficient to— (i) meet the hiring requirements of multiple potential employers; and (ii) allow the students to apply for any licenses or certifications that may be required to be employed in the field for which the job training is offered; and (E) may include integrated or basic skills courses. .

Summary: Jumpstart Our Businesses by Supporting Students Act of 2014 or the JOBS Act of 2014 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education, for the award years beginning on July 1, 2014, and ending on June 30, 2020, to award job training Federal Pell Grants to students in job training programs. Makes students eligible for such Grants if they: (1) have not attained a baccalaureate or postbaccalaureate degree; (2) are attending an institution of higher education (IHE) that is eligible to participate in title IV programs; (3) are enrolled in, or accepted for enrollment in, a job training program at that IHE that does not lead to a baccalaureate degree; and (4) meet all the other eligibility requirements for a Federal Pell Grant. Establishes a maximum amount, but no minimum amount, for such a Grant. Defines an eligible "job training program" as a career and technical education program at an IHE that: provides at least 150 clock hours of instructional time over a period of at least 8 weeks, provides training that meets the needs of the local or regional workforce, provides students who complete the program with a recognized educational credential, and the IHE has determined is sufficient to meet the hiring requirements of multiple employers and allow students to apply for any licenses or certifications that may be required for employment in the field for which the job training is offered.