Word: pelled
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Although the administration proposes to increase its allotment for Pell Grants to more that $5 billion, critics say that the current budget proposal actually underfunds the grant program...
Merkowitz, who calls the student aid portion of the budget "very disappointing," says much of the increase in funds in Pell Grants will go toward covering last year's shortfalls in this program. Funding for Pell Grants was slashed when the automatic spending cuts mandated by the Gramm-Rudman-Hollings Act came into effect after the budget did not reach its deficit-reduction goals...
...Williams (D-Mont.), chair of the House Post-secondary Education Committee, said in a statement that because more than two-thirds of the increase in Pell Grants will go to cover these shortfalls, very little funding will be used for new grants...
Also, critics of the Bush plan, like the American Council on Higher Education, point out that the administration intends to keep the maximum Pell Grant at $2300 for the third straight year, resulting in an overall nine percent decrease in purchasing power for students...
Williams, who says the average Pell Grant will fall from $1482 this year to $1443 next year, considers the budget "a study in sleight of hand...