Word: pelle
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...those who would go to college anyway. Lawrence Gladieux, an analyst at the College Board, agrees. "It is tax relief, but it's not effective in closing gaps in educational opportunity," he says. Sensitive to that charge, Clinton at the last minute tacked on a substantial increase in Pell grants, which pay college costs for some 3.7 million of America's neediest students. But critics are worried too that getting more people into college will lower education standards at public institutions, which spend more on each student than they collect in tuition and don't have big endowments to fall...
...Clinton has included in his budget a tax credit of up to $1,500 per year for two years of college education provided that students maintain a 'B' average (which is not such a difficult hurdle here, at least). In addition, Clinton has pledged to increase the funding of Pell grants, which provide assistance to needy students, so that each recipient gets $3,000, an increase of over $300 per student. Also, Clinton proposes to add $27 million per year for federal college work-study jobs, a substantial increase which will benefit working students...
...Increase the amount of money allocated for Federal Pell Grants...
...break. That's something different than speaking about loans or scholarships," says David Markowitz of the American Council on Education, which represents 1,600 of the nation's colleges and universities. To blunt that criticism, the Administration last week shifted several billion dollars from HOPE scholarships to low-income Pell Grants, expanding the Pell program by 25 percent...
These college aid proposals come just as Congress prepares to reauthorize the Higher Education Act (HEA) of 1965, which expires in September. That law authorizes almost all of the college financial assistance the federal government provides, including well-known programs such as Pell Grants and Stafford Loans...