H. R. 7488, known as the “Degrees Not Debt Act of 2024,” aims to increase the maximum amount of Federal Pell Grants available to students. For the award year 2024–2025, the bill sets the maximum grant amount at $14,800, subject to certain reductions. From the award year...
Simple Explanation
The "Degrees Not Debt Act of 2024" wants to give students more money for school by making the biggest Pell Grant $14,800, but the real amount might be less depending on past rules. From 2025 on, this amount will change every year based on how prices go up, a bit like how things get more expensive over time.