The Pell Grant Preservation and Expansion Act of 2026 is designed to enhance the Federal Pell Grant program, which provides essential financial aid to students pursuing higher education. The Act aims to ensure that this program remains a reliable source of funding, particularly for students from underserved communities, while making it more accessible for future generations. Key provisions include significant increases in the maximum Pell Grant amounts over the coming years, with plans to double the grants and adjust them annually for inflation.