Federal Pell Grant to increase by $400 this year

President Joe Biden signed into law, today, a new federal budget for FY 22-23 that includes a $400 increase to the maximum Pell Grant will receive a $400, bringing it to $6,895.  The increase is the largest increase in years, but still falls far short of doubling the grant, which Biden campaigned on in 2020. 

Many higher education advocates are committed to doubling the Pell Grant, which turns 50 this year.  They suggest the student aid program is overdue for an overhaul to better meet the needs of today’s students. Federal Work-Study, Federal Supplemental Educational Opportunity Grants, TRIO, and GEAR UP are among the other programs that received modest increases over FY 2021 in the budget bill Biden signed into law.