Longietti: PHEAA board votes to raise maximum student aid grant amount
Measure would increase grant from $5,000 to $5,750
HERMITAGE, April 22 – Eligible Pennsylvania college students may see an increase in financial aid grant funding after the Pennsylvania Higher Education Assistance Agency board voted to raise the maximum amount available under the PA State Grant Program from $5,000 to $5,750, state Rep. Mark Longietti, D-Mercer, announced today.
Longietti, who is a member of the PHEAA board, said he voted for the increase because it is a sound financial investment that will pay off for the state economy.
“These are challenging times for everyone, but for young adults just starting out in life, the weight of student debt can be crushing,” Longietti said. “The grant program makes it possible for low- and middle-income students to pursue their career goals and allows them to graduate with less debt and more disposable income to invest back into the economy.
“Supplementing the program at a time when household budgets are strained only makes sense. It’s a move that will encourage more students to stay in state, study here and raise families here.”
Longietti said the proposed funding formula for 2022-23 also would allow an additional 9,000 students to benefit from the grant system.
The increase depends on the state legislature’s approval of a proposed $350 million appropriation for the PA State Grant Program, which represents a 12.8% increase over the current year.