FOR IMMEDIATE RELEASE
Contact: Erin Powers
Director of Marketing & Communications
WASHINGTON, DC, May 28, 2021 — The Biden administration today released its fiscal year 2022 budget proposal, which will impact award year 2022-23. The proposal includes $102.8 billion in funding for the Department of Education (ED), a $29.8 billion or 41% increase over the 2021 enacted level — the largest proposed increase to the department in history. It also includes an increase of $400 to the maximum Pell Grant award, which together with the proposed $1,475 increase from the American Families Plan (AFP) released in April would bring the maximum award to $8,370. It would also give individuals enrolled in the Deferred Action for Childhood Arrivals (DACA) program, known as “Dreamers,” access to the program.
"Families have been struggling to afford college even before the pandemic ravaged our nation's economy. President Biden's historic investments in foundational programs like the Pell Grant will be a lifeline to millions of middle and lower income Americans, including Dreamers," said NASFAA President Justin Draeger. "Our attention now turns to Congress to not only enact these investments, but to also boost campus-based aid programs like Federal Work-Study and Supplemental Education Opportunity Grants to ensure no qualified student is denied access to a postsecondary degree."
The National Association of Student Financial Aid Administrators (NASFAA) provides professional development for financial aid administrators; advocates for public policies that increase student access and success; serves as a forum on student financial aid issues; and is committed to diversity throughout all activities. NASFAA’s membership includes 22,000 student financial assistance professionals at approximately 3,000 colleges, universities, and career schools across the country. NASFAA member institutions serve nine out of every 10 undergraduates in the U.S.
Publication Date: 5/28/2021