The federal government will spend roughly $22 billion on the Pell Grant program in 2016, according to new numbers from the U.S. Congressional Budget Office. The more than $7 billion projected surplus in the $30 billion program follows several years of declines in spending on Pell Grants, due to previous changes in eligibility for students.
As a result of the surplus, The Washington Post reported, more support may follow for restoring year-round access to Pell, meaning students can once again use the grants for summer courses. The elimination of that eligibility is one of the budget-related changes to the program during the Obama administration, which the White House recently has sought to reverse.
"Some have argued that Pell costs are unsustainable, but the CBO estimates show that the program has enough funding to restore year-round Pell, a policy with bipartisan support that incents completion and reduces college costs for low-income students," José Luis Santos, vice president for higher education policy and practice at the Education Trust, said in a statement. “Congress has the opportunity to preserve and strengthen this vital resource. We look forward to working with lawmakers to make this a reality.”