The Growing Reputable Academic Departments Act, or GRAD Act, amends the Higher Education Act of 1965 to broaden the eligibility criteria for federal grants. Specifically, it allows certain Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs) to qualify for these grants. The bill expands eligibility to include HBCUs and PBIs that offer qualified master's degree programs and were not previously listed under existing categories. This change aims to support a wider range of institutions serving Black students in their graduate education efforts. Additionally, the Act modifies the method for distributing any remaining grant funds to these newly eligible and existing institutions, ensuring a more comprehensive allocation process.