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 changes, the bill 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) benefits to certain students. The bill 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; (3) extending eligibility to certain short-term workforce training programs; (4) excluding from gross income, for income tax purposes, any amount received as a Pell Grant; and (5) allowing Pell Grants to be used for living and non-tuition expenses. The bill revises student loan counseling requirements applicable to institutions of higher education (IHEs) by requiring annual financial counseling and expanding exit counseling. Additionally, the bill 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 …