Pell Grant Limits Increase While Student Loan Interest Rates Decrease This JulyMay 12, 2019 | :
by Jim Absher
There is good news for college students using federal financial aid this year: Pell Grant maximums will increase as, for the first time in three years, student loan interest rates will decrease.
The maximum amount for Federal Pell Grants issued between July 1, 2019, and June 1, 2020, will rise to $6,195, an increase of $100 from the 2018-2019 rate. Federal Pell Grants usually are awarded only to undergraduate students and are based on financial need.
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