Good news for all you college students looking to finance your education. The Obama administration is proposing a $140 Pell grant increase. Not only that but they are also proposing more work study funds. This totals to about a $71 million increase. The main goal of this budget proposal is to make sure less financially stable students have the same opportunities as their counterparts.
Work study funding will increase an additional $150 million to provide more opportunities for on the job experience.
Major Points:
- Pell Grants increase fromĀ $5,646 to $5,785
- Work Study increase to $1.12 billion
Resources:
grants4college.com – Information on College Grants
FAFSA – Free Application for Federal Student Aid