Pell Grant Preservation and Expansion Act of 2026

The Pell Grant Preservation and Expansion Act of 2026 aims to increase financial aid for college students by doubling the maximum Federal Pell Grant award to $10,000 for the 2026-2027 school year, with amounts rising annually to reach $15,000 by 2031-2032. The bill also changes the funding structure so that Pell Grants become a mandatory program that automatically adjusts for inflation rather than relying on annual congressional appropriations. Additional provisions expand eligibility to include students with negative financial aid indexes, provide special rules for recipients of means-tested benefits, and allow Dreamer students who become citizens or permanent residents to qualify for aid. The legislation further restores the total number of semesters a student can receive Pell Grants from 12 to 18 and modifies how institutions determine satisfactory academic progress to reduce penalties for students struggling with course requirements.