Pell Plus Act: Enhanced Financial Aid for Students and Institutions
The Pell Plus Act of 2023 establishes a new Pell Plus program, starting from the 2025-2026 academic year, providing students with an additional federal grant equal to their Pell Grant. To qualify, students must meet specific academic progress requirements, and participating institutions must also contribute their own funds. The goal is to facilitate degree completion within four years.
Key points
Eligible students will receive an additional federal grant (Pell Plus Grant) equal to their standard Pell Grant, effectively doubling their financial support.
Participating institutions must provide matching funds, equal to the Pell Plus Grant amount, from their own non-federal resources (e.g., institutional grants, tuition waivers).
The program aims to encourage students to complete their first undergraduate baccalaureate course of study within a maximum of four academic years, with progress monitoring.
The combined total of Pell Grant, Pell Plus Grant, and institutional funds cannot exceed the student's total cost of attendance.
Expired
Additional Information
Print number: 118_HR_5489
Sponsor: Rep. Joyce, David P. [R-OH-14]
Process start date: 2023-09-14