College students may face the largest cut in financial aid in the history of the Federal Pell Grant Program. The Pell Grant is free money disbursed by the government to low-income undergraduate students to help pay for their tuition. Currently, students can receive up to $5,550 per year. Across America, nearly 9 million students take advantage of this program to help fund their education. Under Republican leadership, the proposal would effectively drop the grant to $4,705, a reduction of $845.
The budget cut could effectively end the college education for many low-income students. The money makes a huge difference for students juggling expenses for textbooks, child care, and rent. Since most Pell Grant recipients have an annual family household income of $20,000, many students may be forced to enroll in fewer courses or take out more student loans. Read the rest of this entry »
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