JOBS Act of 2023

The JOBS Act of 2023 would expand Federal Pell Grant eligibility to cover certain short-term job training programs that prepare students for high-demand careers. It defines "eligible job training programs" as those offering 150-600 hours of instruction over 8-15 weeks, aligned with in-demand industry sectors, and leading to recognized credentials that help students meet hiring requirements and take licensure exams. The bill would allow students in these programs to receive Pell Grants under standard terms, with the minimum Pell Grant amount reduced from 10% to 5% of the maximum. It also requires accrediting agencies to evaluate these programs and creates data-sharing between Education and Labor departments to track program effectiveness.