Make Higher Education More Affordable
Representative Seth Magaziner (RI-02) announced that he is leading 104 of his colleagues in requesting increased funding for the Federal Pell Grant Program and to double the maximum annual Pell Grant to $13,000.
Magaziner and his colleagues also asked that appropriators secure the long-term affordability impact of the Pell Grant program for future years by indexing the maximum award amount to inflation and ensuring that funding for the program is fully mandatory.
“For nearly 50 years, Pell Grants have provided much needed financial assistance to low-income families, unlocking higher education opportunities for millions of students. However, Pell Grants are simply not keeping up with the rising cost of tuition,” said Rep. Seth Magaziner.
“Building on the outstanding legacy of Senator Claiborne Pell, we must make sure that all students, no matter their socio-economic status, can access a college education. By investing in Pell Grants, we will reinforce our national commitment to progress, moving our country forward by ensuring that the next generation of leaders has access to the education they deserve.”
Pell Grants are a cornerstone of our nation’s student financial aid system, but today they cover less than one-third of the average cost of attendance at a public four-year university, the lowest share of tuition in the program’s history.
Increased tuition costs, as well expenses like textbooks, housing, food, and transportation, have drastically diminished Pell Grant’s purchasing power, placing greater strain on the students and families that the program was designed to help.
Congress increased the maximum annual Pell Grant to $7,395 for the 2023-2024 award year, reflecting an increase of $500 and the largest increase in 10 years. However, this still falls short of what is needed to make college affordable to the lowest-income students.
Congress must increase the annual Pell Grant to $13,000, which on
average would cut student debt at least in half for eligible recipients, helping
an estimated 25.2 million students per year.
Read full text of letter here:











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