House Education, Labor, and Ways and Means Committees have now finished their work on the $3.5 trillion budget reconciliation proposal. This proposal includes:
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Free Community College tuition to eligible students through America’s College Promise
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$9 billion for retention and completion grants
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$2 billion for Community College and industry partnerships grants
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$500 annual increase to the maximum Pell grant for Award Years 2022-2023 - 2029-2030
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$3.6 billion for Adult Basic Education
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$3 billion for Perkins CTE
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$5 billion for Apprenticeships, Youth Apprenticeships, and Pre-Apprenticeships
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Makes DACA recipients eligible for Title IV financial aid programs
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$9.1 billion over 7 years to reauthorize the Trade Adjustment Assistance for Community College and Career Training (TAACCCT) grant program.
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$425 million over 4 years to continue the Health Profession Opportunity Grant (HPOG) program, which aims to prepare low-income individuals for healthcare professions.
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Excludes Federal Pell Grants from gross income for tax purposes.
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Eliminates the Pell Grant offset included in the American Opportunity Tax Credit (AOTC) formula, allowing thousands of students to receive the full benefit of the AOTC.