New Funding Formula to Boost PHEAA Grants for Students


The Pennsylvania Higher Education Assistance Agency (PHEAA) announced the adoption of a new 2022-23 PA State Grant Program formula that increases a potential award from $5,000 to $5,750. The agency also estimates as many as 9,000 additional students could receive crucial funding toward their higher education, bringing the total to around 107,000 students served.


The agency said the new awarding system maintains the current year’s $5,000 maximum award while providing up to an additional $750 pandemic inflation adjustment to account for financial obstacles families are facing today.


Grant amounts are determined by several factors, including a student’s family income, effect of inflation on incomes and cost of the school they attend.


The 2022-23 PA State Grant application submission deadline is Sunday, May 1. This applies to all renewal applicants and first-time applicants who plan to enroll in a college, university, or college transfer program at two-year public or private colleges. The deadline is Aug. 1 for students planning to enroll in a community college or designated Pennsylvania Open Admission institution.


To apply for a PA State Grant, applicants must first complete the 2022-23 Free Application for Federal Student Aid (FAFSA), which can be accessed online at

www.PHEAA.org/FAFSA.

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