Pell Grant Sustainability Act aims to index the maximum value of Federal Pell Grants to inflation.
The Pell Grant Sustainability Act seeks to amend the Higher Education Act of 1965 to ensure the maximum value of Federal Pell Grants keeps pace with inflation. This change is intended to maintain the purchasing power of Pell Grants, which have significantly declined since the 1970s. The bill specifies that the total maximum Federal Pell Grant for any award year will be rounded to the nearest $5 and will be adjusted annually based on the Consumer Price Index.
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