Ep. 190: What to do About the Pell Grant Running out of Money with Kristin Hultquist

The Key with Inside Higher Ed · Mar 5, 2026 · 48m

Last month the Congressional Budget Office projected an $11.5 billion shortfall in Pell funding by fiscal year 2027. The program provides need-based federal financial aid for more than 30 percent of American college students. Part of the funding problem is that Congress made getting aid easier without appropriating more money to cover the increase in students gaining access.

Finding a solution requires out of the box thinking that creates sustainable funding without limiting opportunity for first-generation students, according to this week’s guest, Kristin Hultquist, the founder and CEO of…