Financial Aid in the News

Obama's Education Budget Sees Some Pushback on Capitol Hill (U.S. News and World Report)

"Congressmen are challenging some of the biggest programs in the fiscal 2010 education budget request that Education Secretary Arne Duncan recently outlined to Senate and House appropriations subcommittees," U.S. News and World Report reports. "Duncan's proposals to move the Pell Grant program, which promotes college access for low-income students, from a discretionary program to a mandatory one and to index its maximum award to inflation plus 1 percentage point encountered some resistance. ... [O]ne representative said that indexing the maximum award could have the 'reverse effect' of putting a ceiling on the amount of future increases."

You can read the complete June 22, 2009 U.S. News and World Report article on-line.

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