Proposed law from Gillibrand would up Pell Grant funding for low-income students
“The Federal Pell Grant Program, overseen by the Department of Education, offers non-loan funding to students from low-income backgrounds attending college. The current maximum amount a student can receive for an academic year is $7,395, while the average cost of college for a first-time, full-time undergraduate is nearly $40,000 annually. U.S. Sen. Kirsten Gillibrand (D-NY) announced Tuesday new proposed legislation that, over the next two years, would nearly double the maximum amount a student could receive from the program in an academic school year.”