Pell Grant funding stability is key

Thursday, July 11, 2013

Stable funding of federal Pell Grants, one of the nation’s main financial aid programs for low-income students, would increase affordability and accessibility, according to many groups with a stake in higher education. But despite its decades-long history of assisting financially needy students, the program also faces perennial threats to its funding.

Last year, 16 leading groups from the areas of public policy, business, higher ed, and civil rights were tasked with recommending scalable ways to improve financial aid and make earning a college degree affordable and accessible. The “Reimagining Aid Design and Delivery” (RADD) initiative, commissioned by the Bill & Melinda Gates Foundation, challenged the groups to come up with inventive ways to address the needs of today’s students even in the face of fiscal constraints.