AGB issued a policy alert warning of proposed FY 2027 budget changes that could cut or eliminate multiple federal higher education programs. AGB’s summary highlights risks to TRIO, GEAR UP, SEOG, the Strengthening Institutions Program, CCAMPIS, and Teacher Quality Partnerships, alongside a federal work-study reduction exceeding $1.1 billion. The alert also flags potential restrictions to targeted MSI funding, excluding non-HBCU and non-Tribal minority-serving institutions, and pressure on Pell Grant funding through reliance on discretionary supplements for a projected shortfall. AGB urged member institutions to contact lawmakers early as appropriations begin—emphasizing impacts on access, persistence, and institutional capacity for high-need student populations.