106 STAT. 480 PUBLIC LAW 102-325—JULY 23, 1992 (1) by striking "September 30, 1992," and inserting "September 30, 1998,"; and (2) by striking "paragraph (2)" and inserting "subsection (b)". 20 USC 1070a. (b) NAME OF PROGRAM. — Section 411(a)(3) of the Act is amended by striking "as 'Pell Greints*" and inserting "as Tedercd Pell Grants'". / (c) PROPORTION OP COST. — Section 411(b)(l) of the Act is amended— (1) by striking "(A) as determined" and all that follows through "and (B)"; (2) by striking "parental or independent student" and inserting *^amily and student"; (3) by striking "subparts 2 and 3" and inserting "subparts - 3 and 4"; and (4) by striking "will meet 75 percent" and inserting "will meet at least 75 percent". (d) GRANT AMOUNTS.— (1) MAXIMUM GRANT AMOUNTS.— Section 411(b)(2)(A) of the Act is amended by striking clauses (i) through (v) and inserting the following: "(i) $3,700 for academic year 1993-1994, "(ii) $3,900 for academic year 1994-1995, "(iii) $4,100 for academic year 1995-1996, "(iv) $4,300 for academic year 1996-1997, and "(v) $4,500 for academic year 1997-1998,". (2) GRANT AMOUNTS FOR LESS-THAN-HALF-TIME STUDENTS.— Section 411(b)(2)(B) of the Act is amended in the first sentence therein— (A) by inserting immediately after "full-time basis" the following: "(including a student who attends an institution of higher education on less than a half-time basis)"; and (B) by inserting before the period at the end thereof the following: ", computed in accordance with this subpart". (3) DETERMINATION OF GRANT AMOUNTS BASED ON NEED. — Section 411(b)(3) of the Act is amended to read as follows: "(3)(A) For any academic year for which an appropriation Act provides a maximum basic grant in an amount in excess of $2,400, the amount of a student's basic grant shall equal $2,400 plus— "(i) one-half of the amount by which such maximum basic grant exceeds $2,400; plus "(ii) the lesser of— "(I) the remaining one-half of such excess; or "(II) the sum of the student's tuition and the student's allowance determined under subparagraph (B), if applicable. "(B) For purposes of subparagraph (A)(iiXII), a student's allowance is $750 if the student has dependent care expenses (as defined in section 472(8)) or disability related expenses (as defined in section 472(9)). ". (4) CONFORMING AMENDMENT. —Section 411(b)(4) of the Act is amended by striking "41 IF" and inserting "472". (5) MINIMUM GRANT AMOUNTS. — Section 411(b)(5) of the Act is amended by striking "$200" and inserting "$400, except that a student who is eligible for a basic grant l^at is equal to or greater than $200 but less than $400 shall be awarded a basic grant of $400".
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