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Claiborne Pell. The Higher Education Amendments of 1972 reauthorized the three campus-based programs, leaving the Economic Opportunity Grant Program with the same name, but renaming the two others: the National Defense Student Loan Program became the National Direct Student Loan or Federal Direct Student Loan Program and the Federal Supplemental Educational Opportunity Grant Program ().
Grants are a type of financial aid that does not have to be repaid. Generally, grants are for undergraduate students and the grant amount is based on need, cost of attendance, and enrollment status. Federal Pell Grants are designed for low- and middle-income undergraduate students. Pell Grants for the 2023–2024 school year range from $750 to ...
It was passed by the U.S. House of Representatives on March 21, 2010, by a vote of 220–211, and passed the Senate by a vote of 56–43 on March 25, after having two minor provisions relating to Pell Grants stricken under the Byrd Rule. A few hours later, the amended bill was passed by the House with the vote of 220–207.
The Pell Grant is a form of need-based federal financial aid that typically does not have to be repaid, which makes it highly desirable. It is awarded by the U.S. Department of Education to help ...
This legislation proposes to extend Pell Grant eligibility to broaden the scope of educational opportunities for millions of Americans, as Congress intended when they created these grants in 1972.
Common grants provided by the federal government include Pell Grants, Federal Supplemental Educational Opportunity Grants, and TEACH Grants. [73] Spending on higher education made up about 2% of the federal budget in 2017, including $27.7 billion in Pell Grants, $26.4 billion in research funding, and $13.6 billion in veterans' benefits. [74]
Pell Grants are awarded on a sliding scale based on need, topping out at $6,895 for the 2022-23 school year. According to the Education Data Initiative, a little more than a third of ...
Pell Grant – A grant of up to $6,195 (as of the 2019–2020 Award Year) for students with a low expected family contribution. [18] A 2018 NerdWallet study found that students missed out on $2.6 billion in free federal Pell grants by not completing the FAFSA. [19]