The Pell Grant Preservation and Expansion Act of 2026 aims to enhance the Federal Pell Grant program, which provides essential financial aid to students pursuing higher education, particularly those from underserved communities. The legislation seeks to ensure that this program remains a reliable source of funding while adapting to the evolving needs of today’s students. A key provision of the act is the proposal to double the maximum Pell Grant amount from 0,000 in the 2026-2027 academic year to 5,000 by the 2031-2032 academic year, with future adjustments for inflation.