Word: pelle
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Politicians and higher education experts welcomed the proposal to increase federal Pell Grant funding by the largest amount in three decades last week. But some experts have suggested that the increase may instead disadvantage the lowest-income students entering universities, though Harvard students will likely not be affected. The Pell Grant—a form of federal financial aid that allows more than five million low-income students to receive help—would come at the expense of reducing or eliminating 44 other financial aid iniatives, according to a congressional budget proposal. That cut would include eliminating the Supplemental...
After a half-decade of stagnation, the Pell Grant—a government-sponsored form of financial aid benefiting 700 low-income Harvard undergraduates—is poised for an increase. The House of Representatives voted Wednesday to raise the maximum Pell Grant by $260, or 6 percent. Yesterday, President Bush announced a budget calling for an increase of $550, which would boost the grant to a maximum of $4,600 per year. The director of financial aid for the College, Sally C. Donahue, welcomed the move to increase federal funding for needy students, citing a lack of action...
...lawmakers on both sides of the aisle in Washington to avoid settling into their newly dug niches. The bill passed last week is just a start, and we hope that Congress solidifies and deepens its commitment to higher education by reaching out to poorer students through an expansion of Pell grants, as proposed by Sen. Edward M. Kennedy ’54-’56 (D-Mass.). We hope that Congress and the President have enough respect for our future to lay a solid, inclusive foundation for it today...
While Spellings said she would continue to work with Congress to increase student aid, she did not endorse the commission’s recommendation to increase federal Pell Grants to cover 70 percent of average in-state tuition costs, from its current level of 48 percent...
...particular concern were the significant cuts in government loans for higher education. The cuts, which totaled about $12.7 billion, included raising the interest rates on various loans as well as an end to inflationary increases in the amount of money Pell grants award. According to the College Board, 12.3 million students borrowed money using these government loans in 2004-2005. Such fiscal irresponsibility is unconscionable. These loans are a critical part of student funding for higher education, and the increased interest rates will discourage or prevent deserving students from attending college. With college education playing such an important role...