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The Future of the Pell Grants and the Potential Effects to the Federal Aid System
Pell Grants, the primary source of federal aid for U.S. students, may be facing a $2.6 billion cut from the reserve funds, which would destabilize the long-term strength of the program. Representatives from the Institute for Higher Education Policy (IHEP) are urging lawmakers to preserve Pell Grant reserve funds, which are in place to protect students in the event that the program faces a funding shortfall.