Unease Grows About Future of Financing for Pell Grants
But with the recession sending more students back to school, the number of unemployed and low-income students eligible for Pell grants has grown rapidly — and with it, the gap in financing. "Next year, there will be 8.7 million Pell recipients, and the cost of the program will be about $34 billion," said Terry Hartle, senior vice president at the American Council on Education, who is lobbying for full financing for Pell grants. "It’s more than doubled in five years. Congress has two choices now: they can add $5.7 billion more and keep the maximum award, or they cannot provide it and let the Pell for next year fall."
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by Tamar Lewin, The New York Times.