Word: pelle
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...Higher Education Act, which now goes to the House, would extend Pell grant eligibility to students from families with incomes of $42,000 or less. In addition, the act would eliminate consideration of home and farm equity in determining the income qualification. The limit now is about $30,000, and the calculation includes such property...
...Edward M. Kennedy '54-'56 (D-Mass.), a principal architect of the bill and chair of the Labor and Human Resources Committee, estimated the change would make Pell grants available to an additional 600,000 students. About 3.6 million individuals now qualify for the direct assistance which is designed to augment student loans...
...size of the Pell grants, named for Sen. Claiborne Pell (D-R.I.), would increase from the current $2400 to $3600 in 1993 and $4800 in 1997. A total of $8.4 billion would be spent on the program next year...
...spokesperson for Sen. Edward M. Kennedy '54-'56 (D-Mass.), the sponsor of the Senate bill, said that the expansion of the Pell Grant program would "open up access to aid to middle-class families who too often find themselves left...
...Pell Grants are listed as entitlements in the federal budget agreement. According to the spokesperson, this means the increase in Pell Grant funding would only be possible by cutting other entitlements, increasing the federal budget deficit or raising taxes...