Pell Grant to increase by $500

Kevin Dietsch/Getty Images Congress is planning to increase the maximum Pell Grant award to $7,395—a $500 increase—and put more money toward several student success grant programs as part of a $1.7 trillion spending package for fiscal year 2023. The 4,155-page draft spending plan, unveiled early Tuesday morning, will be voted on this week as lawmakers in the Senate and House of Representatives plan to work quickly to avoid a government shutdown. The resolution currently funding the government...