Biden’s Double Pell Promises Are Lofty, But Will They Pass in FY2023 Budget?

"The Double Pell discussion is alive and well again, but for how long? In his 2023 fiscal year budget proposal, the Biden Administration doubled down again on its offer of sweeping relief for students across higher education – namely boosting the maximum Pell Grant award to $13,000 by 2029, with an immediate gift of an extra $1,775 in 2023-24 that would push it to $8,670," University Business reports. 

...“'This budget proposal is a significant step in the right direction to expand access to postsecondary education to more low- and middle-income students, and restore some of the purchasing power of the Pell Grant,'” said Justin Draeger, President and CEO of the National Association of Student Financial Aid Administrators (NASFAA). “'Of course, these proposals must come with accompanying legislation, and additional funding must come with renewed efforts to examine the entire student aid system, not the least of which includes a reexamination of how the current student loan system is or isn’t working for students and families. We call on members of Congress to work across the aisle to make that a reality.'"

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: 3/28/2022

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