Doubling Pell Grants and Expanding Student Aid Eligibility for Higher Education.
This act significantly increases the maximum Federal Pell Grant award, aiming for $14,000 annually, making college substantially more affordable for millions of Americans. It secures the program's future by making funding mandatory and indexed to inflation. Furthermore, it expands eligibility for low-income students, "Dreamer students," and provides flexibility for students facing academic challenges or returning to school after a break.
Key points
Maximum Pell Grant amount will gradually double to $14,000 (plus inflation), drastically reducing college costs for recipients.
Total eligibility for the grant is extended from 12 semesters (6 years) to 18 semesters, offering more time to complete a degree.
Federal financial aid eligibility is extended to "Dreamer students" who meet specific educational or military service requirements, increasing access to higher education.
New rules allow students who leave school for two years to reset their financial aid eligibility status, making it easier to return and complete their education.
Expired
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