As part of the huge tax and budget cutting package Republicans are rushing through Congress, they’re aiming to reduce Uncle Sam’s spending on college aid by more than $300 billion over the next decade, primarily by overhauling student loans, with reduced borrowing limits, stiffer repayment terms and the end of subsidized #studentloans for lower income #undergraduates. But both the House-passed 2025 budget “reconciliation” bill and the Trump Administration’s 2026 budget proposal, would also take a chunk out of Pell Grants for low and moderate income #students. These half century old awards, which don’t need to be repaid, make a big difference in whether students from families of modest means enroll in and finish #college, their supporters say. Under current policy, Pell Grants of up to $7,395 will be awarded to 7.4 million students during the 2025-26 school year, at a cost of $38.1 billion, the Congressional Budget Office (CBO) projects. The Trump Administration, in a fiscal 2026 budg...