Congress’s latest omnibus spending bill will effectively eliminate federal Pell Grant funding for an estimated 143,000 low-income college students starting in July. The Pell Grant cuts come just a month after budget estimates showed the popular program would run a surplus in 2012.
The Republican-controlled House of Representatives and the Democratic-controlled Senate passed a $1 trillion spending measure Dec. 19 that included major changes to Pell Grant eligibility.
Students who take more than six years to earn a college degree no longer will qualify for Pell Grant money, meaning 63,000 recipients will have to look elsewhere for tuition. The former eligibility cap was for students who had taken nine years to finish school.…Read More