Pell Grant Increases Proposed

Inside Higher Ed, an online news service, reported that President Obama is proposing an increase in the amount of money each student would receive through Pell Grants.

"An administration official confirmed Sunday that the president's budget for the Education Department would increase the maximum Pell Grant to $5,710 from the current $5,350 and make the grants an entitlement (available to all students who qualify for them) -- steps that would add a million students to the program's rolls. If Congress were to approve the change, the administration would have nearly doubled its spending on the grants in its first two years in office -- to $34.834 billion from $18.181 billion in the 2008 fiscal year."

To read the full article:  http://www.insidehighered.com/news/2010/02/01/budget