AID Act

[AI summary unavailable — showing source text] Achieving Independence through Degrees Act or the AID Act This bill revises certain federal student-aid programs. Among other things, it expands access to Pell Grants, expands loan counseling requirements, revises the Federal Work-Study Program, updates the Free Application for Federal Student Aid (FAFSA) process, and extends Supplemental Nutrition Assistance Program (SNAP, formerly known as the food stamp program) benefits to certain students. First, it expands access to Pell Grants by (1) increasing the maximum award and indexing it for inflation, (2) increasing the semester eligibility limit to 15 semesters, and (3) extending eligibility to certain short-term workforce training programs. It modifies student loan counseling requirements applicable to institutions of higher education (IHEs) by requiring annual financial counseling and expanding exit counseling. The Department of Education (ED) must maintain an online counseling tool that provides annual and exit counseling. Additionally, it permanently reauthorizes the Federal Work-Study Program and otherwise revises the program, including by allocating program funds to IHEs based on the amount of Pell Grant funds received by each…