Pell Grant Sustainability Act — HR. 1666

TL;DR (AI)

• This bill addresses the declining purchasing power of Pell Grants, noting they covered 80% of educational costs in the 1970s but only 31% by 2023.
• The bill emphasizes the need for Pell Grant values to keep pace with rising student educational costs.
• It acknowledges the historical decline in Pell Grant coverage and aims to ensure future grants remain relevant to student expenses.