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The maximum Federal Pell Grant for the 2023–24 award year (July 1, 2023, through June 30, 2024) is $7,395. [21] The maximum amount of the grant usually depends on the EFC and several other factors, including cost of attendance, the amount of time the student plans to attend college, whether it is a full academic year, and whether one is a ...
The bill, which must pass by Dec. 23 to avoid a government shutdown, includes a provision to increase the maximum yearly Pell Grant award to $7,395, CNBC reported. That’s a $500 boost over the ...
For example, Cal Grant A provides full mandatory tuition and feeds to students. Funds from Cal Grant B are given to eligible low-income and underprivileged students. For first-year students, an amount of up to $1,648 for books and living expenses were provided in the school year 2023-24.
The award amount is considered taxable income and is equal to the maximum value of the Pell Grant ($7,395 as of Fiscal Year 2023). [31] [32] Individuals can only receive Education Awards for two terms of AmeriCorps service. [31]
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The Student Aid and Fiscal Responsibility Act of 2009 (SAFRA; H.R. 3221) is a bill introduced in the U.S. House of Representatives of the 111th United States Congress by Congressman George Miller that would expand federal Pell Grants to a maximum of $5,500 in 2010 and tie increases in Pell Grant maximum values to annual increases in the Consumer Price Index plus 1%.
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related to: pell grant lifetime increase 2023 income limits chart 2022 printable free