Recent Pell Grant News: Cuts on Their Way?
The most relevant Pell Grant news that has recently sprung about has to do with the shortfall that the Pell Grant program is currently experiencing. While I haven’t been able to locate an exact amount of the shortfall, it is severe enough to allow Congress to act if nothing else is done very soon.
Congress is scheduled to make a vote on whether to make a huge Pell Grant cut at some point over the next few months, and it is expected that if nothing changes that they will elect to cut the program’s funding by 5.7 billion dollars.
This would have a detrimental effect on a student’s ability to benefit from the award, with amounts being reduced across the board if such a vote actually goes through. It is too bad that this is even an issue, as the Pell Grant program was recently expanded via the SAFRA legislation that was just put through Congress and signed into law by President Obama this past spring.
All of my student readers should stay tuned for additional Pell Grant news about this issue, as I will be posting another article once I find out what is definitively going to happen.
Update. Please view this post about the 2011-2012 Pell Grant cuts to learn more about the impact this Congressional vote has had on the Pell Grant program.