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139 STAT. 353 PUBLIC LAW 119–21—JULY 4, 2025 with respect to award year 2026–2027 and each succeeding award year. SEC. 83003. PELL SHORTFALL. Section 401(b)(7)(A)(iii) of the Higher Education Act of 1965 (20 U.S.C. 1070a(b)(7)(A)(iii)) is amended by striking ‘‘$2,170,000,000’’ and inserting ‘‘$12,670,000,000’’. SEC. 83004. FEDERAL PELL GRANT EXCLUSION RELATING TO OTHER GRANT AID. Section 401(d) of the Higher Education Act of 1965 (20 U.S.C. 1070a(d)) is amended by adding at the end the following: ‘‘(6) EXCLUSION.—Beginning on July 1, 2026, and notwith- standing this subsection or subsection (b), a student shall not be eligible for a Federal Pell Grant under subsection (b) during any period for which the student receives grant aid from non- Federal sources, including States, institutions of higher edu- cation, or private sources, in an amount that equals or exceeds the student’s cost of attendance for such period.’’. Subtitle E—Accountability SEC. 84001. INELIGIBILITY BASED ON LOW EARNING OUTCOMES. Section 454 of the Higher Education Act of 1965 (20 U.S.C. 1087d) is amended— (1) in subsection (a)— (A) in paragraph (5), by striking ‘‘and’’ after the semi- colon; (B) by redesignating paragraph (6) as paragraph (7); and (C) by inserting after paragraph (5) the following: ‘‘(6) provide assurances that, beginning July 1, 2026, the institution will comply with all requirements of subsection (c); and’’; (2) in subsection (b)(2), by striking ‘‘and (6)’’ and inserting ‘‘(6), and (7)’’; (3) by redesignating subsection (c) as subsection (d); and (4) by inserting after subsection (b) the following: ‘‘(c) INELIGIBILITY FOR CERTAIN PROGRAMS BASED ON LOW EARNING OUTCOMES.— ‘‘(1) IN GENERAL.—Notwithstanding section 481(b), an institution of higher education subject to this subsection shall not use funds under this part for student enrollment in an educational program offered by the institution that is described in paragraph (2). ‘‘(2) LOW-EARNING OUTCOME PROGRAMS DESCRIBED.—An educational program at an institution is described in this para- graph if the program awards an undergraduate degree, grad- uate or professional degree, or graduate certificate, for which the median earnings (as determined by the Secretary) of the programmatic cohort of students who received funds under this title for enrollment in such program, who completed such program during the academic year that is 4 years before the year of the determination, who are not enrolled in any institu- tion of higher education, and who are working, are, for not less than 2 of the 3 years immediately preceding the date of the determination, less than the median earnings of a Determination. Time periods. Effective date.