New paper calls for increased Pell Grant funding
Many men and women of faith rely on federal financial aid programs such as Pell Grants to pay for their education at Christian colleges and universities. However, faced with the prospect of looming mandatory budget cuts to reduce the national deficit, the government has come under renewed pressure to maintain Pell Grant funding for students who need it most. A white paper published recently by the Institute for College Access and Success (ICAS) calls for the doubling of Pell Grant funding to ensure that students can continue to improve their lives through higher education.
The ICAS is part of the Bill & Melinda Gates Foundation’s Reimagining Aid Design and Delivery project, which invited suggestions from leading experts to improve access to higher education and college completion. Calls to double Pell Grant funding was among the most bold of the paper’s recommendations, along with major reforms to student loans and educational tax benefits. Overall, more than two dozen suggestions were put forward in the paper, which the authors claim would substantially simplify the financial aid process.
According to Inside Higher Ed, the paper also makes recommendations on ways in which students can be provided with clearer information about academic outcomes. If these suggestions were to become policy, men and women of faith planning to enroll at Christian colleges and universities could benefit from increased transparency about the value of their degree, as well as additional Pell Grant funding to help pay for their education.