House-Approved $400 Pell Grant Boost Is ‘Significant’ But Falls Short of Hopes

"As part of the U.S. House passage of the $1.5 trillion omnibus spending bill late Wednesday night, representatives have approved a $400 annual increase for federal Pell Grant program recipients, the largest in a decade. But while every dollar matters, it is still far short of what many higher education experts say is a much-needed doubling of awards for students," University Business reports. 

..."Justin Draeger, CEO of the National Association of Student Financial Aid Administrators, had been hoping for more as more than 1,000 orgainzations have called on Congress to double Pell.

'While this is a welcome step forward, there is still a long way to go to ensure the purchasing power of the Pell Grant is restored for the approximately 6 million low- and moderate-income students who depend on the program to enroll in college each year,' he said."

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: 3/10/2022

View Desktop Version