# @forbes on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DLU0rc1OxQV
- **Gondola URL:** https://gondola.cc/posts/31883375-forbes-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/982ee7c6e8.jpg
- **Posted:** 2025-06-25T13:25:16.000+00:00
- **Account Owner:** Forbes (@Forbes) — https://gondola.cc/Forbes

## Caption

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 budget proposal submitted this month, calls for chopping the maximum award for the 2026-2027 school year to just $5,710, arguing that this 23% cut (even bigger if inflation is taken into account) is needed to combat a projected funding shortfall.

Read about the 36 colleges most at risk from #PellGrant cuts at the link in our bio. (Photo: Drury University)

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## Tags

studentloans, pellgrant, college, students, undergraduates

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