; and (2) in subsection (c)(7)(C)— (A) in each of clauses (i)(I) and (ii)(I), by striking (iv)(II) and inserting (v)(II) ; (B) in clause (iii)— (i) by striking the clause heading and inserting Award years 2018–2019 and 2019–2020 .— ; and (ii) by striking and each subsequent award year ; (C) by redesignating clause (iv) as clause (v); and (D) by inserting after clause (iii) the following: (iv) Award year 2020–2021 and subsequent award years For award year 2020–2021 and each subsequent award year, the amount determined under this subparagraph for purposes of subparagraph (B)(iii) shall be equal to $1,080. . 7. Federal Pell Grants: amount and determinations; applications (a) Federal Pell Grants Beginning on the effective date described in subsection (b), section 401 ( 20 U.S.C. 1070a ), as amended by sections 5 and 6, is further amended to read as follows: 401. Federal Pell Grants: amount and determinations; applications (a) Purpose; definitions (1) Purpose The purpose of this subpart is to provide a Federal Pell Grant to low-income students. (2) Definitions In this section— (A) the term adjusted gross income means— (i) in the case of a dependent student, the adjusted gross income (as defined in section 62 of the Internal Revenue Code of 1986) of the student’s parents in the second tax year preceding the academic year; and (ii) in the case of an independent student, the adjusted gross income (as defined in section 62 of the Internal Revenue Code of 1986) of the student (and the student’s spouse, if applicable) in the second tax year preceding the academic year; (B) the term family size has the meaning given the term in section 480(l)