I cannot say enough how much of a difference having adequate financial aid makes to a student’s experience. I’ve seen countless students take leave and never return to school because of unyielding financial obligations. And those who do stay are often stressed out by thought that this safety net can be pulled out from under their feet at any moment. Many students need more than Pell, but few can afford to without what Pell offers and anything that bolster’s Pell funding is welcomed.
College students can receive up to $5,815 annually in Pell funding. Advocates said the grant is vital in making higher education affordable and preventing students from being forced to take out loans to pay for a degree. But the Obama administration reached a bipartisan agreement in 2011 to cut year-round Pell grants in response to funding shortfalls. Now the program has amassed a large surplus, which higher education advocates want to see dedicated to strengthening and expanding it.