CargoAdmin, Bureaucrats, Moderators (CommentStreams), fileuploaders, Interface administrators, newuser, Push subscription managers, Suppressors, Administrators
5,230
edits
Federal Pell Grant Program: Difference between revisions
no edit summary
(Created page with "{{Program |ProgramName=Federal Pell Grant Program |ProgramType=Program |OrgSponsor=Office of Federal Student Aid |TopOrganization=Department of Education |CreationLegislation=Higher Education Act of 1965 (Public Law 89-329) |Purpose=The Federal Pell Grant Program provides need-based grants to low-income undergraduate and certain postbaccalaureate students to promote access to postsecondary education. It aims to reduce financial barriers, support academic achievement, and...") |
No edit summary |
||
| Line 5: | Line 5: | ||
|TopOrganization=Department of Education | |TopOrganization=Department of Education | ||
|CreationLegislation=Higher Education Act of 1965 (Public Law 89-329) | |CreationLegislation=Higher Education Act of 1965 (Public Law 89-329) | ||
|Purpose= | |Purpose=Federal Pell Grant Program gives need-based aid to low-income students, cutting barriers to higher education and boosting equity with funds for tuition and living costs. | ||
|Website=https://studentaid.gov/understand-aid/types/grants/pell | |Website=https://studentaid.gov/understand-aid/types/grants/pell | ||
|ProgramStart=1972 | |ProgramStart=1972 | ||
|InitialFunding=$122 million | |InitialFunding=$122 million | ||
|Duration=Ongoing | |Duration=Ongoing | ||
|Historic= | |Historic=No | ||
}} | }} | ||
The '''Federal Pell Grant Program''', established in 1972 under the Higher Education Act of 1965 and renamed in 1980 to honor Senator Claiborne Pell, is administered by the Department of Education’s Office of Federal Student Aid (FSA) to provide grants to eligible students, allocating over $300 billion since inception to support approximately 6.5 million students annually by 2025. Initially funded with $122 million, it has grown to distribute $24.1 billion in FY 2024 across 6.5 million awards, funding education for low-income students at over 5,400 participating institutions.<ref>{{cite web |url=https://studentaid.gov/understand-aid/types/grants/pell |title=Federal Pell Grants |publisher=Office of Federal Student Aid}}</ref> Despite its impact, challenges like funding caps and eligibility restrictions persist (web ID: 5), but it remains a cornerstone of federal student aid under DOE. | The '''Federal Pell Grant Program''', established in 1972 under the Higher Education Act of 1965 and renamed in 1980 to honor Senator Claiborne Pell, is administered by the Department of Education’s Office of Federal Student Aid (FSA) to provide grants to eligible students, allocating over $300 billion since inception to support approximately 6.5 million students annually by 2025. Initially funded with $122 million, it has grown to distribute $24.1 billion in FY 2024 across 6.5 million awards, funding education for low-income students at over 5,400 participating institutions.<ref>{{cite web |url=https://studentaid.gov/understand-aid/types/grants/pell |title=Federal Pell Grants |publisher=Office of Federal Student Aid}}</ref> Despite its impact, challenges like funding caps and eligibility restrictions persist (web ID: 5), but it remains a cornerstone of federal student aid under DOE. | ||