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Pell Grant Increase: Financial Aid for Students Adjusted for Inflation

This act aims to increase the value of Federal Pell Grants to keep pace with rising living and education costs. This will give lower-income students a better chance to finance their college education, potentially reducing their financial burden and improving access to higher education.
Key points
Pell Grant values will be automatically adjusted for inflation, meaning their purchasing power will not decrease over time.
The changes apply from the 2022-2023 academic year, ensuring ongoing financial support for students.
The goal is to ensure Pell Grants continue to fulfill their mission of supporting lower-income students in accessing higher education.
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Additional Information
Print number: 117_HR_6537
Sponsor: Rep. Casten, Sean [D-IL-6]
Process start date: 2022-02-01