S. 5411 — Emergency Grant Aid for College Students Act

This section establishes an emergency financial aid grant program under which the Secretary awards grants to institutions of higher education to provide emergency grants to eligible students facing financial challenges affecting any component of their cost of attendance or ability to continue their studies. It requires applicant institutions to describe their eligibility criteria, application and disbursement processes (including online applications and appeals), outreach to means-tested federal benefit programs, and prioritization of students with financial need, and it directs the Secretary to give priority to community colleges, institutions under section 371(a), rural institutions, those with at least 33 percent Pell Grant recipients, and certain under-resourced institutions.

This section prohibits the Secretary of Education from transferring to, or entering into or implementing any agreement with, another Federal agency for any functions related to this Act and its amendments, including program administration, grant awards, technical assistance, enforcement, data collection and sharing, oversight, and grantee monitoring.