Finance

Biden seeks extra Pell grant money for college and expand aid to Dreamers

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Alex Wong | Getty Images News | Getty Images

President Joe Biden asked Congress for a $400 annual increase in maximum Pell grants for college students as part of a budget proposal issued Friday.

The president also called to broaden eligibility to undocumented immigrants known as Dreamers.

Pell grants are available to undergraduate students who display exceptional financial need. Unlike loans, they generally don’t have to be repaid.

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Source cnbc.com

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