President Joe Biden's budget proposal to double Pell Grants by 2029 would help low-income families afford college but rising inflation and calls to cut spending make that goal difficult to achieve. The Pell Grant program, which helps low-income students afford college, turns 50 this year. The program has helped millions attend college but its buying power has slipped over time. In his proposed budget, Biden proposes to double the annual Pell Grant to roughly $13,00 by 2029.
