S. 5431 — Diversify Act

This section increases the maximum annual TEACH Grant to $8,000 (from $4,000) and aggregate limits to $32,000 (from $16,000) and $16,000 (from $8,000). It requires any account crediting to cover the full cost of attendance. It narrows the definition of eligible institution by excluding those described in section 102(a)(1)(A). It expands qualifying service to include teaching in high-need early childhood education programs, requires an electronic completion certificate, and prohibits monetary penalties for failing to complete the service requirement.

This section exempts TEACH Grants under subpart 9 of part A of title IV of the Higher Education Act of 1965 from sequestration under any order issued pursuant to the Balanced Budget and Emergency Deficit Control Act of 1985. The exemption applies to sequestration orders issued on or after the date of enactment.