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shall first be applied to increase the minimum allotment 
under this subsection to $750,000’’. 
(d) 
ELIGIBLE
GRADUATE
OR
PROFESSIONAL 
SCHOOLS.— 
(1) GENERAL AUTHORITY.—Section 326(a)(1) 
(20 U.S.C. 1063b(a)(1)) is amended— 
(A) by inserting ‘‘(A)’’ after ‘‘subsection 
(e) that’’; and 
(B) by inserting before the period at the 
end the following: ‘‘, (B) is accredited by a na-
tionally recognized accrediting agency or asso-
ciation determined by the Secretary to be a reli-
able authority as to the quality of training of-
fered, and (C) according to such an agency or 
association, is in good standing’’. 
(2) 
ELIGIBLE
INSTITUTIONS.—Section 
326(e)(1) (20 U.S.C. 1063b(e)(1)) is amended— 
(A) by striking ‘‘and’’ at the end of sub-
paragraph (Q); 
(B) by striking the period at the end of 
subparagraph (R) and inserting a semicolon; 
and 
(C) by adding at the end the following new 
subparagraphs: 
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‘‘(S) Alabama State University qualified 
graduate program; 
‘‘(T) Prairie View A & M University quali-
fied graduate program; 
‘‘(U) Coppin State University qualified 
graduate program; 
‘‘(V) Delaware State University qualified 
graduate program; 
‘‘(W) Langston University qualified grad-
uate program; 
‘‘(X) West Virginia State University quali-
fied graduate program; and 
‘‘(Y) Fayetteville State University qualified 
graduate program.’’. 
(3) 
CONFORMING
AMENDMENT.—Section 
326(e)(3) (20 U.S.C. 1063b(e)(3)) is amended— 
(A) by striking ‘‘1998’’ and inserting 
‘‘2006’’; and 
(B) by striking ‘‘(Q) and (R)’’ and insert-
ing ‘‘(S) through (Y)’’. 
(e) PROFESSIONAL OR GRADUATE INSTITUTIONS.— 
Section 326(f) (20 U.S.C. 1063b(f)) is amended— 
(1) in paragraph (1)— 
(A) by striking ‘‘$26,600,000’’ and insert-
ing ‘‘$54,500,000’’; and 
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(B) by striking ‘‘(P)’’ and inserting ‘‘(R)’’; 
(2) in paragraph (2)— 
(A) by striking ‘‘$26,600,000, but not in 
excess 
of 
$28,600,000’’ 
and 
inserting 
‘‘$54,500,000, 
but 
not 
in 
excess 
of 
$58,500,000’’; and 
(B) by striking ‘‘subparagraphs (Q) and 
(R)’’ and inserting ‘‘subparagraphs (S) through 
(Y)’’; and 
(3) in paragraph (3)— 
(A) by striking ‘‘$28,600,000’’ and insert-
ing ‘‘$58,500,000’’; and 
(B) by striking ‘‘(R)’’ and inserting ‘‘(Y)’’. 
(f) HOLD HARMLESS.—Section 326(g) (20 U.S.C. 
1063b(g)) is amended by striking ‘‘1998’’ each place it 
appears and inserting ‘‘2005’’. 
SEC. 304. TECHNICAL AMENDMENTS. 
(a) AMENDMENTS.—Title III is further amended— 
(1) in section 311(c) (20 U.S.C. 1057(c))— 
(A) 
by 
redesignating 
paragraphs 
(7) 
through (12) as paragraphs (8) through (13), 
respectively; and 
(B) by inserting after paragraph (6) the 
following: 
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‘‘(7) Education or counseling services designed 
to improve the financial literacy and economic lit-
eracy of students and, as appropriate, their par-
ents.’’; 
(2) 
in 
section 
312(b)(1)(A) 
(20 
U.S.C. 
1058(b)(1)(A)), by striking ‘‘subsection (c)’’ and in-
serting ‘‘subsection (d)’’; 
(3) 
in 
section 
312(b)(1)(F) 
(20 
U.S.C. 
1058(b)(1)(F)), by inserting ‘‘which is’’ before ‘‘lo-
cated’’; 
(4) 
in 
section 
312(b)(1) 
(20 
U.S.C. 
1058(b)(1)), by redesignating subparagraphs (E) 
and (F) as subparagraphs (F) and (G), respectively, 
and by inserting after subparagraph (D) the fol-
lowing new subparagraph: 
‘‘(E) which provides a program that is not 
less than a 2-year educational program that is 
acceptable for full credit toward a bachelor’s de-
gree;’’; 
(5) 
in 
section 
316(c)(2) 
(20 
U.S.C. 
1059c(c)(2))— 
(A) by redesignating subparagraphs (G) 
through (M) (as redesignated by section 
301(b)(5) of this Act) as subparagraphs (H) 
through (N), respectively; 
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(B) by inserting after subparagraph (F) 
the following: 
‘‘(G) education or counseling services de-
signed to improve the financial literacy and eco-
nomic literacy of students and, as appropriate, 
their parents;’’; and 
(C) in subparagraph (N), as redesignated 
by subparagraph (A), by striking ‘‘subpara-
graphs (A) through (K)’’ and inserting ‘‘sub-
paragraphs (A) through (M)’’; 
(6) 
in 
section 
317(c)(2) 
(20 
U.S.C. 
1059d(c)(2)), by inserting after subparagraph (I) 
(as added by section 302(a)(6) of this Act) the fol-
lowing: 
‘‘(J) education or counseling services de-
signed to improve the financial literacy and eco-
nomic literacy of students and, as appropriate, 
their parents.’’; 
(7) in section 323(a) (20 U.S.C. 1062(a))— 
(A) by striking ‘‘section 360(a)(2)’’ and in-
serting ‘‘section 399(a)(2)(A)’’; 
(B) 
by 
redesignating 
paragraphs 
(7) 
through (12) as paragraphs (8) through (13), 
respectively; and 
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(C) by inserting after paragraph (6) the 
following: 
‘‘(7) Education or counseling services designed 
to improve the financial literacy and economic lit-
eracy of students and, as appropriate, their par-
ents.’’; 
(8) 
in 
section 
324(d)(2) 
(20 
U.S.C. 
1063(d)(2)), by striking ‘‘section 360(a)(2)(A)’’ and 
inserting ‘‘section 399(a)(2)(A)’’; 
(9) 
in 
section 
326(e)(1) 
(20 
U.S.C. 
1063b(e)(1)), in the matter preceding subparagraph 
(A), by inserting a colon after ‘‘the following’’; 
(10) in section 327(b) (20 U.S.C. 1063c(b)), by 
striking ‘‘initial’’; 
(11) 
in 
section 
342(5)(C) 
(20 
U.S.C. 
1066a(5)(C))— 
(A) by inserting a comma after ‘‘equip-
ment’’ the first place it appears; and 
(B) by striking ‘‘technology,,’’ and insert-
ing ‘‘technology,’’; 
(12) in section 343(e) (20 U.S.C. 1066b(e)), by 
inserting after the subsection designation the fol-
lowing: ‘‘SALE OF QUALIFIED BONDS.—’’; 
(13) in section 351(a) (20 U.S.C. 1067a(a)), by 
striking ‘‘of 1979’’; 
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(14) in section 391(b)(7)(E) (20 U.S.C. 
1068(b)(7)(E)), by striking ‘‘subparagraph (E)’’ and 
inserting ‘‘subparagraph (D)’’; and 
(15) in section 396 (20 U.S.C. 1068e), by strik-
ing ‘‘section 360’’ and inserting ‘‘section 399’’. 
(b) REPEAL.—Section 1024 (20 U.S.C. 1135b–3), as 
transferred by section 301(a)(5) of the Higher Education 
Amendments of 1998 (Public Law 105–244; 112 Stat. 
1636), is repealed. 
SEC. 305. TITLE III AUTHORIZATIONS. 
Section 399(a) (20 U.S.C. 1068h(a)) is amended— 
(1) by striking ‘‘1999’’ each place it appears 
and inserting ‘‘2007’’; 
(2) by striking ‘‘4 succeeding fiscal years’’ each 
place it appears and inserting ‘‘5 succeeding fiscal 
years’’; 
(3) in paragraph (1)— 
(A) by striking ‘‘$10,000,000’’ in subpara-
graph (B) and inserting ‘‘$23,800,000’’; and 
(B) by striking ‘‘$5,000,000’’ in subpara-
graph (C) and inserting ‘‘$11,900,000’’; 
(4) in paragraph (2)— 
(A) by striking ‘‘$135,000,000’’ in sub-
paragraph (A) and inserting ‘‘$241,000,000’’; 
and 
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(B) by striking ‘‘$35,000,000’’ in subpara-
graph (B) and inserting ‘‘$59,000,000’’; and 
(5) in paragraph (4), by striking ‘‘$110,000’’ 
and inserting ‘‘$212,000’’. 
TITLE IV—STUDENT ASSISTANCE 
PART A—GRANTS TO STUDENTS 
SEC. 401. PELL GRANTS. 
(a) EXTENSION OF AUTHORITY.—Section 401(a) (20 
U.S.C. 1070a(a)) is amended by striking ‘‘2004’’ and in-
serting ‘‘2013’’. 
(b) DIRECT PAYMENT.—Section 401(a) (20 U.S.C. 
1070a(a)) is further amended— 
(1) by striking paragraph (2); and 
(2) by redesignating paragraph (3) as para-
graph (2). 
(c) MAXIMUM PELL GRANT INCREASE.—Paragraph 
(2)(A) of section 401(b) 20 U.S.C. 1070a(b)(2)(A)) is 
amended to read as follows: 
‘‘(2)(A) The amount of the Federal Pell Grant for 
a student eligible under this part shall be $6,000 for aca-
demic years 2007–2008 through 2013–2014, less an 
amount equal to the amount determined to be the expected 
family contribution with respect to that student for that 
year.’’. 
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(d) TUITION SENSITIVITY.—Section 401(b) is further 
amended— 
(1) by striking paragraph (3); and 
(2) by redesignating paragraphs (4) through 
(8) as paragraphs (3) through (7), respectively. 
(e) MULTIPLE GRANTS.—Paragraph (5) of section 
401(b) (as redesignated by subsection (d)(2)) is amended 
to read as follows: 
‘‘(5) YEAR-ROUND PELL GRANTS.— 
‘‘(A) IN GENERAL.—The Secretary shall, 
for students enrolled full time in a bacca-
laureate or associate’s degree program of study 
at an eligible institution, award such students 
not more than two Pell grants during an award 
year to permit such students to accelerate 
progress toward their degree objectives by en-
rolling in academic programs for 12 months 
rather than 9 months. 
‘‘(B) LIMITATION.—The Secretary shall 
limit the awarding of additional Pell grants 
under this paragraph to students attending— 
‘‘(i) baccalaureate degree granting in-
stitutions that have a graduation rate as 
reported by the Integrated Postsecondary 
Education Data System for the 4 pre-
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ceding academic years of at least 30 per-
cent; or 
‘‘(ii) two-year institutions that have a 
graduation rate as reported by the Inte-
grated Postsecondary Education Data Sys-
tems, in at least one of the last 3 years for 
which data is available, that is above the 
average for the applicable year for the in-
stitution’s type and control. 
‘‘(C) EVALUATION.—The Secretary shall 
conduct an evaluation of the program under 
this paragraph and submit to the Congress an 
evaluation report no later than October 1, 
2011. 
‘‘(D) REGULATIONS REQUIRED.—The Sec-
retary shall promulgate regulations imple-
menting this paragraph.’’. 
(f) INELIGIBILITY BASED ON INVOLUNTARY CIVIL 
COMMITMENT FOR SEXUAL OFFENSES.—Paragraph (7) 
of section 401(b) (as redesignated by subsection (d)(2)) 
is amended by inserting before the period the following: 
‘‘or who is subject to an involuntary civil commitment 
upon completion of a period of incarceration for a forcible 
or nonforcible sexual offense (as determined in accordance 
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CCOLEMAN on PROD1PC71 with BILLS
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with the Federal Bureau of Investigation’s Uniform Crime 
Reporting Program)’’. 
(g) PELL GRANT ELIGIBILITY DURATION.—Section 
401(c) (20 U.S.C. 1070a(c)) is amended— 
(1) in paragraph (1)— 
(A) by striking ‘‘The period’’ and inserting 
in lieu thereof ‘‘Subject to paragraph (5), the 
period’’; and 
(B) by striking the period at the end there-
of and inserting ‘‘but shall be subject to the 
limitation described in paragraph (5).’’; and 
(2) by adding at the end the following new 
paragraph: 
‘‘(5) The period during which a student may receive 
Federal Pell Grants shall not exceed the equivalent of 18 
semesters or 27 quarters in duration (as determined by 
the Secretary by regulation), without regard to whether 
the student is enrolled on a full-time basis during any por-
tion of that period, and including any period of time for 
which the student received Federal Pell Grants prior to 
the date of enactment of the College Access and Oppor-
tunity Act of 2006.’’. 
(h) ELIGIBILITY PERIOD.—Section 401(c)(2) (20 
U.S.C. 1070a(c)(2)) is amended by inserting ‘‘, for not 
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CCOLEMAN on PROD1PC71 with BILLS
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more than one academic year,’’ after ‘‘which are deter-
mined by the institution’’ in the first sentence. 
(i) ACADEMIC
COMPETITIVENESS
GRANT
ELIGI-
BILITY.—Section 401A(c)(3) (as added by section 8003 
of the Higher Education Reconciliation Act of 2005) is 
amended by striking ‘‘established by a State or local edu-
cational agency and recognized as such by the Secretary’’ 
each place it appears and inserting ‘‘beyond the basic 
graduation requirements and recognized as such by the 
designated State official, or with respect to any private 
school or home school, the designated school official for 
such school’’. 
(j) PELL GRANTS PLUS: ACHIEVEMENT GRANTS FOR 
STATE SCHOLARS PROGRAM.— 
(1) AMENDMENT.—Subpart 1 of part A of title 
IV is amended by inserting after section 401A (as 
added by section 8003 of the Higher Education Rec-
onciliation Act of 2005) the following new section: 
‘‘SEC. 401B. PELL GRANTS PLUS: ACHIEVEMENT GRANTS 
FOR STATE SCHOLARS. 
‘‘(a) GRANTS AUTHORIZED.—Beginning in academic 
award year 2007–2008, the Secretary is authorized to es-
tablish a program to award Pell Grants Plus to students 
who— 
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‘‘(1) have successfully completed a rigorous 
high school program of study established by a State 
or local educational agency in consultation with a 
State coalition assisted by the Center for State 
Scholars; 
‘‘(2) are enrolled full-time in the first academic 
year of undergraduate education or a certification 
program, and have not been previously enrolled in a 
program of undergraduate education after earning a 
high school diploma or its recognized equivalent or 
a certification program; and 
‘‘(3) are eligible to receive Federal Pell Grants 
for the year in which the grant is awarded. 
‘‘(b) AMOUNT OF GRANTS.— 
‘‘(1) IN GENERAL.—Except as provided in para-
graph (2), the amount of the grant awarded under 
this section shall be $1,000. 
‘‘(2) ASSISTANCE NOT TO EXCEED COST OF AT-
TENDANCE.—A grant awarded under this section to 
any student, in combination with the Federal Pell 
Grant assistance and estimated financial assistance 
not received under this title (as described in section 
480(j)) to such student, may not exceed the stu-
dent’s cost of attendance. 
‘‘(c) SELECTION OF RECIPIENTS.— 
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