Earl N. Williams, Sr., First Chance Act

This bill amends the Higher Education Act to create "basic and emergency supplemental living assistance grants" for first-year undergraduate students participating in their institution's student support services program. Basic grants cover anticipated expenses (like tuition or housing) for completing their first academic year, while emergency grants address unexpected costs (such as childcare, transportation, or personal needs) that could disrupt their studies. Grants are capped at $500 for the 2027-2028 academic year, with future limits adjusted annually using the Consumer Price Index. Institutions must allocate these funds without reducing existing non-Federal support and may use up to 2% of allocated program funds for these grants.