Biden Budget Proposes Pell Grant Increase, More Money for HBCUs
By Matthew Arrojas President Joe Biden is pushing for continued investment in college affordability and access, but to a lesser extent than in past years. Biden released his budget proposal for fiscal year 2025 on Monday. While his higher education priorities like college affordability and support for minority-serving institutions (MSIs) seemingly remain unchanged from past years, his budget notably dials back the sticker price of many of his priorities. He requested a $750 increase to the maximum Pell Grant, which would bring the maximum award to $8,145 annually. For reference, he called for a $820 increase in his fiscal year 2024 budget proposal.