II 
Calendar No. 269 
110TH CONGRESS 
1ST SESSION H. R. 2669 
IN THE SENATE OF THE UNITED STATES 
JULY 16, 2007 
Received; read twice and placed on the calendar 
AN ACT 
To provide for reconciliation pursuant to section 601 of 
the concurrent resolution on the budget for fiscal year 2008. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘College Cost Reduction 
Act of 2007’’. 
SEC. 2. REFERENCES; EFFECTIVE DATE. 
(a) REFERENCES.—Except as otherwise expressly 
provided, whenever in this Act an amendment or repeal 
is expressed in terms of an amendment to, or repeal of, 
a section or other provision, the reference shall be consid-
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ered to be made to a section or other provision of the 
Higher Education Act of 1965 (20 U.S.C. 1001 et seq.). 
(b) EFFECTIVE DATE.—Except as otherwise ex-
pressly provided therein, the amendments made by this 
Act shall be effective on October 1, 2007. 
TITLE I—INVESTING IN 
STUDENT AID 
PART A—INCREASING THE PURCHASING POWER 
OF PELL GRANTS 
SEC. 101. MANDATORY PELL GRANT INCREASES. 
(a) EXTENSION OF AUTHORITY.—Section 401(a) (20 
U.S.C. 1070a(a)) is amended by striking ‘‘fiscal year 
2004’’ and inserting ‘‘fiscal year 2013’’. 
(b) FUNDING FOR INCREASES.—Section 401(b) (20 
U.S.C. 1070a(b)) is amended by adding at the end the 
following new paragraph: 
‘‘(9) ADDITIONAL FUNDS.— 
‘‘(A) IN GENERAL.—There are authorized 
to be appropriated, and there are appropriated, 
to carry out subparagraph (B) of this para-
graph (in addition to any other amounts appro-
priated to carry out this section and out of any 
money in the Treasury not otherwise appro-
priated) the following amounts: 
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‘‘(i) $840,000,000 for fiscal year 
2008; 
‘‘(ii) $870,000,000 for fiscal year 
2009; 
‘‘(iii) $1,340,000,000 for fiscal year 
2010; 
‘‘(iv) $2,280,000,000 for fiscal year 
2011; 
‘‘(v) $2,350,000,000 for fiscal year 
2012; 
‘‘(vi) $2,400,000,000 for fiscal year 
2013; 
‘‘(vii) $2,450,000,000 for fiscal year 
2014; 
‘‘(viii) $2,510,000,000 for fiscal year 
2015; 
‘‘(ix) $2,550,000,000 for fiscal year 
2016; and 
‘‘(x) $2,570,000,000 for fiscal year 
2017. 
‘‘(B) 
INCREASE
IN
FEDERAL
PELL 
GRANTS.—The amounts made available pursu-
ant to subparagraph (A) of this paragraph shall 
be used to increase the amount of the maximum 
Pell Grant for which a student shall be eligible 
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during an award year, as specified in the last 
enacted appropriation Act applicable to that 
award year, by— 
‘‘(i) $200 for each of the award years 
2008–2009 and 2009–2010; 
‘‘(ii) $300 for award year 2010–2011; 
and 
‘‘(iii) $500 for award year 2011–2012 
and each subsequent award year. 
‘‘(C) USE
OF
FISCAL
YEAR
FUNDS
FOR 
AWARD YEARS.—The amounts made available 
by subparagraph (A) for any fiscal year shall be 
available and remain available for use under 
subparagraph (B) for the award year that be-
gins in such fiscal year.’’. 
(c) AUTHORIZED MAXIMUMS.—Section 401(b)(2)(A) 
(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— 
‘‘(i) $7,600 for academic year 2008–2009; 
‘‘(ii) $8,600 for academic year 2009–2010; 
‘‘(iii) $9,600 for academic year 2010–2011; 
‘‘(iv) $10,600 for academic year 2011–2012; 
and 
‘‘(v) $11,600 for academic year 2012–2013, 
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less an amount equal to the amount determined to 
be the expected family contribution with respect to 
that student for that year.’’. 
(d) TUITION SENSITIVITY.— 
(1) AMENDMENT.—Section 401(b) (20 U.S.C. 
1070a(b)) is further amended— 
(A) by striking paragraph (3); and 
(B) 
by 
redesignating 
paragraphs 
(4) 
through (9) as paragraphs (3) through (8), re-
spectively. 
(2) EFFECTIVE DATE.—The amendments made 
by paragraph (1) of this subsection are effective on 
the date of enactment of this Act. 
(3) APPROPRIATION.—There shall be available 
to the Secretary, from funds not otherwise appro-
priated, $5,000,000 for the period beginning on the 
date of enactment of this Act and ending on October 
1, 2008, to carry out the amendments made by 
paragraph (1) of this subsection. 
(e) MULTIPLE GRANTS.— 
(1) AMENDMENT.—Paragraph (5) of section 
401(b) (as redesignated by subsection (d)(1)(B)) is 
amended to read as follows: 
‘‘(5) YEAR-ROUND
PELL
GRANTS.—The Sec-
retary is authorized, for students enrolled in a bac-
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