Wednesday, April 20, 2011

Pell Grants Survive Federal Budget Process - Student Loan Ranger (usnews.com)

Pell Grants Survive Federal Budget Process - Student Loan Ranger (usnews.com)

Pell Grants Survive Federal Budget Process

Details continue to trickle out about the federal budget compromise negotiated last week. One piece of good news is that the bill provides $23 billion in funding for Pell Grants andmaintains the maximum grant at $5,550.

But the bill does eliminate the so-called "two Pells" program, which allows students to get additional Pell Grants for summer enrollment. With Democrats and Republicans already preparing competing budget proposals for 2012, now seems like a good time to review the Pell Grants program.

[Read more about Pell Grants.]

For literally millions of people, Federal Pell Grants—need-based grants provided to low-income students—are a lifeline when it comes to affording a college education. Pell Grants are the