The Impacts of the $1.7 Trillion Spending Plan on Higher Education

"After weeks of negotiations and adjustments, which included the elimination of free community college tuition, Democrats in the House of Representatives were poised to approve the $1.75 trillion social spending bill Friday that includes transformative help for higher education. That is until the process hit another snag when moderates said they wanted to get a 'score' from the Congressional Budget Office on the plan. Now, there may not be an answer until Nov. 15 as the House breaks for recess next week," University Business reports.

..."'While any increase to the maximum Pell Grant is always appreciated, and the extra $550 will certainly help low-income students better afford a postsecondary education, we’re still hopeful we’ll see President Biden’s campaign trail promise to double the annual maximum award from $6,495 to $13,000 come to fruition,' said Jill Desjean, policy analyst for the National Association of Student Financial Aid Administrators. 'Doubling the Pell Grant would serve the dual purpose of driving down loan debt and bolstering support for low- and middle-income families.'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.


Publication Date: 11/5/2021

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