Looming Pell Grant Shortfall Could Impact Students’ Ability to Cover College Costs
"The federal Pell Grant program faces a looming $2.7 million budget shortfall, according to a January report from the Congressional Budget Office," NerdWallet reports.
..."Most states offer financial aid in the form of grants, scholarships and free or reduced tuition programs at public institutions. If there’s a Pell shortage, some states may step up their aid to fill in the funding gaps for students. State financial aid programs are run independently of the federal government, so they make their own budgetary decisions, Zampini says.
To access state aid, submit the FAFSA, then check if your state has a supplemental financial aid application on the National Association of Student Financial Aid Administrators’ state aid database."
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Publication Date: 4/8/2025
