More Money for Pell Grants, Research

Congress is sending more than $1.5 billion to colleges and universities thanks to earmarks and pouring millions more into student success grant programs as part of the $1.7 trillion spending package for fiscal year 2023 that lawmakers approved late last month. The bill increases the maximum annual Pell Grant award to $7,395. It’s the second increase in as many fiscal years and the largest in a decade.