The purpose of this legislation is to enhance the Federal Pell Grant program, which provides financial assistance to low-income students pursuing higher education. The main objectives are to increase the maximum amount of Pell Grants available to students and to extend the eligibility period for receiving these grants. One of the key provisions of the legislation is the increase in the maximum Pell Grant award. Starting in the 2026-2027 academic year, the maximum grant will be set at 4,800.