; and (B) for award year 2025–2026 and each subsequent award year, the median cost of college of the program of study of such student, minus . (b) Cost of attendance Section 472(c) ( 20 U.S.C. 1087ll(c) ), as amended by the FAFSA Simplification Act, is further amended by striking of the institution and inserting of each program of study at the institution . (c) Median cost of college Part F of title IV ( 20 U.S.C. 1087kk ), as amended by the FAFSA Simplification Act, is further amended by inserting after section 472, as amended by subsection (b), the following: 472A. Determination of median cost of college For the purpose of this title, the term median cost of college , when used with respect to a program of study offered by one or more institutions of higher education for an award year, means the median of the cost of attendance (as defined in section 472) for the program of study across all institutions of higher education offering such a program for the preceding award year. . B Financial Aid 1 Grants 211. Federal Pell Grant program (a) Award may not exceed median cost of college Section 401(b)(3) ( 20 U.S.C. 1070a(b)(3) ), as amended by title VII of division FF of the Consolidated Appropriations Act, 2021 (title VII of division FF of Public Law 116–260 ) (referred to in this Act as the FAFSA Simplification Act ), is further amended by adding at the end the following: (3) Award may not exceed median cost of college No Federal Pell Grant under this subpart shall exceed the median cost of college (as defined in section 472A) for the program at which that student is in attendance. If, with respect to any student, it is determined that the amount of a Federal Pell Grant for that student exceeds the median cost of college for such program for that year, the amount of the Federal Pell Grant shall be reduced until the Federal Pell Grant does not exceed the median cost of college for such program for that year. . (b) Pell PLUS program Section 401 ( 20 U.S.C. 1070a ), as amended by the FAFSA Simplification Act, is