"In the 2024-25 academic year, nearly 10 million students were eligible for the Pell Grant. That's 6 percent more than the year before. Nearly eight million of them were eligible for the max award of $7,395, which is up 31 percent from 2023-24."
"Much of the overall increase in eligibility occurred for students with a household income between $60,001 and $125,000. The number of students from households earning between $40,001 and $80,000 who were eligible for the maximum Pell award doubled."
"In addition to expanding access to the Pell Grant, the FAFSA Simplification Act also called for a simpler federal aid application. The rollout of that form was delayed and then faced numerous technical issues and glitches in early 2024. But after two more admissions cycles with the new form, it appears work from the Education Department and its Office of Federal Student Aid has paid off."
""In 2020, Congress took decisive action to reform the financial aid process and expand access to higher education for students across the country. Today's report confirms that those reforms worked," Scott said in a news release about the report."
The FAFSA Simplification Act passed in 2020 expanded Pell Grant eligibility and increased the share of students receiving the maximum award. In the 2024-25 academic year, nearly 10 million students were eligible for the Pell Grant, about 6% more than the prior year. Nearly eight million students were eligible for the maximum award of $7,395, up 31% from 2023-24. Much of the eligibility growth occurred among students from households earning between $60,001 and $125,000. The number of students from households earning between $40,001 and $80,000 who qualified for the maximum Pell award doubled. The simplified federal aid application rollout faced delays and technical problems in early 2024, but later cycles showed improvements.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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