Bidenโs Plan to Double Pell Grants
Tuition has risen as colleges have increased their costs in order to take advantage of additional government subsidies. Has this been explained to President Joe Biden? In his budget, he proposes doubling the federal Pell Grants, raising tuition even more. The administrationโs solution is to raise the maximum Pell Grant from $6,495 to $8,670 next year, with the goal of doubling it within ten years. โPell Grants have been the foundation of low- and moderate-income studentsโ financial aid for decades,โ the Department of Education budget says, โhowever, the value has…