; (bb) in clause (ii)(I), by substituting $8,250 for $7,000 ; and (cc) in clause (iii)— (AA) in subclause (I), by substituting ‘$6,850 for $6,000 ; and (BB) in subclause (II), by substituting $7,962 for $7,000 ; and (II) in subparagraph (B), by substituting $63,250 for $57,500 . (B) Adjustment for inflation (i) In general Each amount specified in subparagraph (A) for academic year 2025–2026 and each succeeding academic year shall be deemed increased by a percentage equal to the annual adjustment percentage. (ii) Annual adjustment percentage defined In this subparagraph, the term annual adjustment percentage , as applied to an academic year, means the estimated percentage change in the Consumer Price Index (as determined by the Secretary, using the definition in section 478(f) or the most recent calendar year ending prior to the beginning of that academic year). . III Trust Fund 301. Supplemental Federal Pell Grant Program Section 401(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1070a(b) ), as amended by section 703 of the FAFSA Simplification Act (title VII of division FF of Public Law 116–260 ) and the FAFSA Simplification Act Technical Corrections Act ( Public Law 117–103 ), is further amended by adding at the end the following: (10) Supplemental Pell Grants using excess Trust fund amounts For any award year for which the Secretary elects to use the excess amounts (or a portion of such excess amounts) described in section 494A(c) to carry out a Supplemental Pell Grant Program under this paragraph, the Secretary shall— (A) award each student that receives a Federal Pell grant under this subpart for such award year, an additional Federal Pell Grant in an amount that— (i) bears the same relationship to such excess amount (or such portion) as the amount of the Federal Pell Grant such student receives under this subpart (excluding this paragraph) for such award year bears to the total amount awarded in Federal Pell Grants under this subpart (excluding this paragraph) for such award year