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The Independent UK

Io Dodds

Trump wants to shrink the cap on Pell Grants. It could have a major impact on paying for college

Donald Trump DOE Los Angeles the Department of Education United States

Donald Trump announces Trump University in New York City in May 2005, alongside university president Michael Sexton (left) - (Getty)

Donald Trump is asking Congress to slash federal financial aid for low-income students as he works to offset the expected multi-trillion-dollar cost of his flagship tax cuts.

In its annual budget request for 2026, the Department of Education proposed reducing the maximum payout of Pell Grants by 22 percent, from $7,395 to $5,710.

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