Pell Grant Restoration Act of 2015
This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to restore a student's Pell Grant eligibility for any period of time during which the student qualified for, or would have qualified for, federal student loan forgiveness due to school closure, assertion of a defense against repayment, or institutional fraud or misconduct.
Specifically, this bill provides that Pell Grants received by a student during that period of time do not count toward the student's lifetime limit on Pell Grant eligibility (currently 12 full-time semesters).
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