Student Financial Aid: New Grants for Living and Emergency Expenses
This act introduces new financial support for students participating in support programs. Students will be able to receive grants to cover basic living costs and unexpected, emergency expenses, aiming to help them complete their studies. This is intended to reduce financial burdens and increase academic success.
Key points
Students can receive grants to cover anticipated living expenses, such as housing or transportation, necessary to complete an academic year.
Emergency grants will also be available for unforeseen expenses that might jeopardize college persistence, like sudden illness or an unexpected breakdown.
The maximum emergency grant amount is $500 for the 2024-2025 academic year, with potential increases in subsequent years based on inflation.
This financial aid will not negatively impact a student's need assessment for other assistance programs, but total aid cannot exceed the cost of attendance by more than $500.
Expired
Additional Information
Print number: 118_HR_6263
Sponsor: Rep. Davis, Danny K. [D-IL-7]
Process start date: 2023-11-07