Word: pelled
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...year by the Center for American Progress estimates that cutting FFEL and administering all loans directly will save taxpayers a whopping $4.5 billion every year. That’s more than enough to cover the $300 million Republicans are so eager to cut from next year’s Pell Grants. And while they’re at it, Congress should use that windfall to raise the maximum Pell Grant up from the measly $4050 where it’s stagnated now for years. After adjusting for inflation, that’s $500 less than the maximum Pell Grant...
...budget deficit, Congress still passed an omnibus spending bill filled to the brim with gratuitous appropriations. In the wake of another bumper crop of cash for the unnecessary to the absurd in pet Congressional districts, some belt-tightening has to happen somewhere. Congress’ latest bright idea? Cut Pell Grants to poor college kids to make up some of the difference...
...second bill to pass Congress over the last two weeks would save the federal government some loose change by modifying the formula that qualifies students for federal Pell Grants—important, often vital, government college-aid awards based on financial need. Under the proposed changes, students whose parents make between $25,000 and $30,000 will receive less funding. But the largest changes will be amongst those who earn between $30,000 and $45,000—no fortune in light of the high cost of American tuition. 84,000 students stand to lose their grants altogether. Given that...
...these circumstances, there is no reason to reduce federal aid funding for lower income students. Those hardest hit by the funding formula changes are hardly wealthy recipients of “middle class welfare,” as some opponents of the Pell Grant system might suggest. These changes will have substantive impacts on families and students that are already struggling to cover school fees...
Sadly, very few other schools have the financial resources to make guarantees like this, which may leave large numbers of students out in the cold or force them out of college entirely. This under-the-radar gutting of the Pell Grant program will ensure that equality of opportunity in the United States remains further from our grasp than ever...