College Affordability and Accessibility Act

The College Affordability and Accessibility Act increases the maximum Federal Pell Grant amount to $14,800, effective July 1, 2026, and adjusts future amounts based on changes in the Consumer Price Index. It also extends the eligibility period for Pell Grants to include up to 16 semesters for completing both undergraduate and postbaccalaureate degrees, provided students meet specific enrollment requirements. These changes directly affect low-income students who rely on federal financial aid to cover college costs. The bill modifies existing provisions in the Higher Education Act of 1965 to implement these adjustments.