Fact Sheet | April 11, 2024

When the Pell Grant Program Faces a Funding Gap, Students Pay the Price. Here’s How Congress Can Fix It.

The Pell Grant program is the federal government’s foundational investment in college affordability, helping more than seven million low- and moderate-income students attend and complete college annually. 

However, the program’s unique and complex funding structure leads to an inevitable annual mismatch between how much the program costs and how much funding is available. When the program faces a funding shortfall, students are at risk of losing critical financial aid.  

Our latest fact sheet explains how the Pell Grant program is funded, how its funding structure puts students at risk, and how Congress can make changes to ensure the future viability of this essential program.