The Degrees Not Debt Act of 2024 increases the maximum amount of Federal Pell Grants that lower-income students can receive to help pay for college. Starting in the 2024-2025 academic year, the bill raises the maximum grant to $14,800, and for 2025-2026, it maintains that same amount. Beginning in 2026-2027 and beyond, the maximum grant would increase annually based on inflation to keep pace with rising college costs. The bill does not specify new funding amounts but instead adjusts how existing Pell Grant appropriations are distributed to ensure students receive grants up to these new maximum levels. This legislation directly affects millions of college students and families who rely on Pell Grants to afford higher education.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.