A bill to require a separate family contribution schedule for Pell Grants for academic years 1983-1984 and 1984-1985, to establish restrictions upon the contents of such schedule, and for other purposes.

(Measure passed House, amended, roll call #354 (381-19))

Amends the Higher Education Act of 1965 to limit the maximum Pell Grant a student may receive for academic year 1983-1984 to $1,800 or 50 percent of the cost of attendance (as defined for academic year 1982-1983).

Directs the Secretary of Education to approve separate (from the Pell Grant family contribution schedule) systems of need analysis for academic years 1983-1984 and 1984-1985 for the campus-based programs of supplemental education opportunity grants, work-study, and direct loans.

Carries over for academic years 1983-1984 and 1984-1985 the Pell Grant cost of attendance criteria in effect for academic year 1982-1983.

Carries over the academic year 1982-1983 Pell Grant family contribution schedule into academic year 1983-1984, with specified modifications to be published within 15 days of enactment of this Act.

Provides that the academic year 1984-1985 Pell Grant family contribution schedule shall be the same as for academic year 1983-1984, with specified modifications, unless the Secretary of Education publishes in the Federal Register and submits to the Congress a proposed schedule by April 1, 1983, and a final schedule by May 15, 1983. Provides that such final schedule shall take effect unless either House of the Congress adopts a resolution of disapproval by a specified date. Provides for a new proposed schedule to take effect unless another resolution of disapproval is adopted.

Directs the Secretary to publish in the Federal Register: (1) changes in amounts allowed as an offset for family size as a consequence of specified modifications of the Pell Grant family contribution schedule for academic year 1984-1985, immediately after publication of the Consumer Price Index for September 1983; and (2) the modified family contribution schedule for academic year 1984-1985, July 15, 1983.

Replaces the ratable reduction formula effective for academic year 1983-1984 and succeeding academic years, under which when there are insufficient appropriations, awards for those with lesser need would be cut by a larger percentage than awards for those with greater need.

Makes available up to $30,000,000 in Pell Grant appropriations, under specified Federal law, for the purpose of restoring eligibility for (and the amount of) Pell grants to individuals adversely affected by a modification, pursuant to specified Federal law, of the family contribution schedule with respect to the treatment of veterans' education benefits. Directs the Secretary to notify such individuals of such restored eligibility and to make appropriate allocations of such reserved sum.