Biden Budget Would Double Maximum Pell Grant by 2029

By The New England Council

DC Shuttle …

President Biden Releases Fiscal 2023 Budget Proposal, Including Big Increase for Pell Grants. President Joe Biden released his budget proposal for the fiscal year 2023 appropriations bill. The most notable provisions include a proposal to double the maximum Pell Grant by 2029 and increase the maximum Pell Grant amount by $2,175 for the 2023-24 academic year. Biden also proposed $36.5 billion in funding for Title I, including $20.5 billion in discretionary funding and $16 billion in mandatory funding. This more than doubles the program’s funding over the 2021 enacted level. The president’s proposal also outlines plans to provide $2.7 billion to the Department of Education’s Office of Federal Student Aid to provide better support to student loan borrowers. Biden also detailed support strategies to improve the retention, transfer and completion of students by investing in the federal TRIO Programs, Gaining Early Awareness and Readiness for Undergraduate Programs, and new retention and completion grants. Following the release of Biden’s $5.8 trillion fiscal 2023 appropriations proposal, Congress will hold appropriations hearings this year into the summer of 2022. The president’s budget will then likely face challenges in Congress, where the Democrats maintain only a slight majority in the House, and the Senate is split 50-50. Find out more about Biden’s fiscal 2023 budget proposal here.

We publish the DC Shuttle each week Congress is in session featuring higher ed news from Washington collected by the New England Council, of which NEBHE is a member. This edition is drawn from the Higher Education Update in the Council’s Weekly Washington Report of April 4, 2022. For more information, please visit:


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