Pell Grant Restoration Act of 2015

Bill: 114-s-2037
Sponsor: full_name: Sen. Boxer, Barbara [D-CA]
Introduced: 2015-09-16
Policy area: Education
Subjects: Education programs funding

Fraud offenses and financial crimes

Higher education

Student aid and college costs
Latest action: action_date: 2015-09-16
text: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Summaries:
action_date: 2015-09-16
action_desc: Introduced in Senate
text: <p><b>Pell Grant Restoration Act of 2015</b></p> <p> This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to restore a student's Pell Grant eligibility for any period of time during which the student qualified for, or would have qualified for, federal student loan forgiveness due to school closure, assertion of a defense against repayment, or institutional fraud or misconduct. </p> <p>Specifically, this bill provides that Pell Grants received by a student during that period of time do not count toward the student's lifetime limit on Pell Grant eligibility (currently 12 full-time semesters). </p>

tv_txt: II 114th CONGRESS 1st Session S. 2037 IN THE SENATE OF THE UNITED STATES September 16, 2015 Mrs. Boxer (for herself, Mr. Durbin , Ms. Warren , Ms. Hirono , and Mr. Murphy ) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions A BILL To amend the Higher Education Act of 1965 to clarify the Federal Pell Grant duration limits of borrowers who attend an institution of higher education that closes or commits fraud or other misconduct, and for other purposes.

1. Short title This Act may be cited as the Pell Grant Restoration Act of 2015 . 2. Federal Pell Grant duration limits Section 401(c)(5) of the Higher Education Act of 1965 ( 20 U.S.C. 1070a(c)(5) ) is amended— (1) by striking The period and inserting (A) Except as provided in subparagraph (B), the period ; and (2) by adding at the end the following: (B) (i) Any Federal Pell Grant that a student received during a period described in subclause (I) or (II) of clause (ii) shall not count towards the student’s duration limits under this paragraph. (ii) Clause (i) shall apply with respect to any Federal Pell Grant awarded to a student to attend an institution— (I) during a period— (aa) for which the student received a loan under this title; and (bb) for which the loan described in item (aa) is forgiven under— (AA) section 437(c)(1) or 464(g)(1) due to the closing of the institution; (BB) section 455(h) due to the student’s successful assertion of a defense to repayment of the loan; or (CC) section 432(a)(6), section 685.215 of title 34, Code of Federal Regulations (or a successor regulation), or any other loan forgiveness provision or regulation under this Act, as a result of a determination by the Secretary or a court that the institution committed fraud or other misconduct; or (II) during a period for which the student did not receive a loan under this title but for which, if the student had received such a loan, the student would have qualified for loan forgiveness under subclause (I)(bb). .