Financial Aid in the News

Pell Grant Deficit: 'The Mother of All Shortfalls' (Diverse: Issues In Higher Education)

"It's 'the mother of all shortfalls,' according to one Washington insider. Others worry that it may get lost amid the nation's larger financial crises involving banks and mortgage lenders," Diverse: Issues In Higher Education reports. "But one thing is increasingly clear: Fueled by a declining economy that has many low-income Americans returning to school, the Pell Grant program is facing a growing shortfall that soon may reach $6 billion. 'It's such a large figure that Congress and the administration cannot ignore it,' says Barmak Nassirian, associate executive director of the American Association of Collegiate Registrars and Admissions Officers."

You can read the complete October 16, 2008 Diverse: Issues In Higher Education article on-line.

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