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Bill > S4595


US S4595

Pell Grant Preservation and Expansion Act of 2024


summary

Introduced
06/20/2024
In Committee
06/20/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A bill to improve the structure of the Federal Pell Grant program, and for other purposes.

AI Summary

This bill aims to preserve and expand the Federal Pell Grant program, the largest source of federally funded grant aid for postsecondary education. The key provisions of the bill include: 1. Doubling the maximum Pell Grant award from $6,895 to $14,000 by 2030, with the grant amount increasing annually with inflation. 2. Providing all Pell Grants through mandatory funding, rather than the current discretionary appropriations process, to stabilize the program's funding. 3. Increasing Pell Grants for students with a negative student aid index, such as recipients of means-tested federal benefits. 4. Restoring eligibility for Dreamers (undocumented immigrants brought to the U.S. as children) to receive federal student aid. 5. Restoring the total semesters of Pell Grant eligibility from 12 to 18. 6. Reducing financial aid penalties for students who fail to maintain satisfactory academic progress, allowing them to more easily regain eligibility. The overall goal is to make Pell Grants a more reliable and accessible source of financial aid to help students, particularly those from low-income and underrepresented backgrounds, access and complete higher education.

Committee Categories

Health and Social Services

Sponsors (33)

Last Action

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (on 06/20/2024)

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