Emergency Grant Aid for College Students Act

The Emergency Grant Aid for College Students Act authorizes a federal grant program that provides funding to colleges and universities to offer emergency financial assistance to enrolled students facing sudden financial hardships. Institutions must apply to the Department of Education, with priority given to community colleges, rural schools, and those with high percentages of Pell Grant recipients. The bill requires schools to process applications quickly, ensuring funds are disbursed within ten business days of approval, while allowing students to receive aid that exceeds their total cost of attendance up to the maximum annual Pell Grant amount. These emergency grants are protected from being counted as income for tax purposes or when determining eligibility for other federal benefits, and no student can be denied aid based on immigration status.