The Pell Grant program, initially projected to have a surplus, now faces a $2.7 billion shortfall for the 2026 fiscal year. Initially, the Congressional Budget Office expected a surplus of $11.4 billion based on a decrease in financial aid applications. However, enrollment has risen nearly 5%, contradicting these projections. Without adequate funding support from Congress, the Pell Grant program may see eligibility or funding reductions for students for the first time in over a decade, affecting many postsecondary students' financial aid opportunities.
"If program funding is not shored up, students could face eligibility or funding cuts for the first time in more than a decade."
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