Word: pelle
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Dates: during 2000-2009
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...needy student who also has very high merit, there are other sources of aid in addition to the Pell Grant,” Hoxby said...
Students reapply each year for the grant, said director of Financial Aid Sally C. Donahue, so those currently receiving Pell Grants may still qualify for them when Bush’s increase takes effect a few years from now.The College guarantees to meet its students’ demonstrated financial need and does not require any parental contribution for families with incomes of less than $40,000, but still asks that students receiving assistance pay a “self-help” amount of $3,500 through work-study programs or outside grant or scholarship assistance, including Pell Grants, Donahue...
...Pell Grants are not merit-based and are meant particularly for needy students attending less selective colleges, such as community colleges or four year public universities, said Professor of Economics Caroline M. Hoxby...
...Pell Grant program currently operates with a $4.3 billion deficit due to an increase in demand for the grants, and according to a White House fact sheet, “the current student loan programs do not make loans available to students in a cost-effective manner,” and benefits are often provided too much to those not attending school and not enough to those students enrolled...
Congress recently altered the formula used to calculate the federal financial aid required for each student, a change which will likely take 80,000 to 90,000 students off the Pell Grant list...