and Federal Direct Loans. Sec. 403. Refinancing private student loans. I Federal Pell Grants 101. Doubling Federal Pell Grants and providing all Federal Pell Grants through mandatory funding (a) Amount of minimum Federal Pell Grants Section 401 of the Higher Education Act of 1965 ( 20 U.S.C. 1070a ), as amended by title VII of division FF of the FAFSA Simplification Act ( Public Law 116–260 ), is amended— (1) in subsection (a)(2)(F), by striking 10 percent and inserting 5 percent