Fewer College Students Receiving State Grants Will Mean Bigger Grant Awards Next Year

Friday, April 26, 2013

Next year’s college students received some welcome news today that will help many of them cover the cost of pursuing a degree.

College students will see an increase in state grant awards next year mostly because fewer students will be applying for them. The increase in aid that does not have to be repaid should help students reduce the amount they need to borrow to earn that college degree.

The Pennsylvania Higher Education Assistance Agency board at its meeting this morning approved a grant distribution formula for next year that anticipates increasing the maximum grant award to $4,363. That is up from this year’s $4,210.

That maximum award assumes the finalized state budget will include the $344 million that Gov. Tom Corbett’s recommended in his $28.4 billion budget proposal. That is the same amount that was included in this year’s state budget for the grant program.

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