"The changes, as part of the FAFSA Simplification Act, which was passed into law as part of a federal coronavirus relief package in late 2020, will simplify the FAFSA and make it easier for students to access federal financial aid. In a new report examining how the changes will impact Pell Grant recipients, the Urban Institute found that the share of students receiving the grant will increase slightly from 42% to 45% and the average offer amount will remain unchanged at roughly $3,900. The report estimates, based on data from 2015–16 and a statistical model created by Urban Institute meant to reflect the changes, that most students will receive roughly the same amount of Pell funding as they would have previously."

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