A recent Congressional agreement will maintain the Pell Grant maximum at $5,500. This is good news, but there are some down side for the Pell.
Now the Pell Grant
- will only be available for six years, not nine
- a high school or GED will be required for eligibility
- the expected family contribution for an automatic zero will be capped at $23,000 (instead of $30,000)
- the interest subsidy on the six-month grace period after gradation will end