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Increased Pell Grants: Less Debt, More Degrees

The "Degrees Not Debt Act" aims to increase the maximum Federal Pell Grant amount, making it easier for students to afford higher education. This change could reduce the need for student loans, making college more accessible for many families. These adjustments may significantly impact students' personal finances and their families, easing the burden of debt after graduation.
Key points
Increases the maximum Federal Pell Grant to $14,800 for the 2024-2025 and 2025-2026 award years.
Starting from the 2026-2027 award year, the grant amount will be annually adjusted based on the Consumer Price Index to maintain its real value.
The goal is to reduce reliance on student loans, potentially improving graduates' financial well-being.
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Additional Information
Print number: 118_HR_7488
Sponsor: Rep. Carbajal, Salud O. [D-CA-24]
Process start date: 2024-02-29
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Degrees Not Debt Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7488.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-02-29.

What are the main provisions?

Key points include:

  • Increases the maximum Federal Pell Grant to $14,800 for the 2024-2025 and 2025-2026 award years.
  • Starting from the 2026-2027 award year, the grant amount will be annually adjusted based on the Consumer Price Index to maintain its real value.
  • The goal is to reduce reliance on student loans, potentially improving graduates' financial well-being.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Carbajal, Salud O. [D-CA-24].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and the Workforce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

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