January 03, 2023
The Pell Grant Amount Will Rise By $500 in 2023. How Much Will It Help College Students?
Low-income college students could get an extra $500 this year to help them pay for the cost of their education.
Under the latest federal spending plan signed by President Joe Biden Thursday, the maximum value of the Pell Grant is set to rise to nearly $7,400 for the 2023 fiscal year, a $500 increase from the current max award of $6,895. Higher education advocates praised the increase, saying it could help more low-income students start and complete college.
Under the latest federal spending plan signed by President Joe Biden Thursday, the maximum value of the Pell Grant is set to rise to nearly $7,400 for the 2023 fiscal year, a $500 increase from the current max award of $6,895. Higher education advocates praised the increase, saying it could help more low-income students start and complete college.