HBox
12-22-2004, 09:46 PM
Merry Christmas! (http://www.nytimes.com/2004/12/23/education/23pell.html?oref=login&hp&ex=1103778000&en=796ccb08eaff3e2d&ei=5094&partner=homepage)
College students in virtually every state will be required to shoulder more of the cost of their education under new federal rules that govern most of the nation's financial aid.
Because of the changes, which take effect next fall and are expected to save the government $300 million in the 2005-6 academic year, at least 1.3 million students will receive smaller Pell Grants, the nation's primary scholarship for those of low income, according to two analyses of the new rules.
In addition, 89,000 students or so who would otherwise be getting some Pell Grant money will get none, the analyses found.
Beyond the implications for Pell Grants, the new rules are expected to have a domino effect across almost every type of financial aid, tightening access to billions of dollars in state and institutional grants and, in turn, increasing the reliance on loans to pay for college. Taken together, many education experts say, the consequences for the nation's core financial aid programs are among the most substantial in a decade.
They're right! I'm only currently over $20,000 in debt from college, and that's without needing loans for my first year. I could easily stand to be another $10,000 down!
But this year the administration found support from Congressional leaders seeking to constrain the cost of Pell Grants, an expense that has steadily increased as more low-income students go to college.
We certainly need to stop that!
I'm so glad I finished college. Good luck to all of you going next year.
Who lives in a body bag under the sea?
College students in virtually every state will be required to shoulder more of the cost of their education under new federal rules that govern most of the nation's financial aid.
Because of the changes, which take effect next fall and are expected to save the government $300 million in the 2005-6 academic year, at least 1.3 million students will receive smaller Pell Grants, the nation's primary scholarship for those of low income, according to two analyses of the new rules.
In addition, 89,000 students or so who would otherwise be getting some Pell Grant money will get none, the analyses found.
Beyond the implications for Pell Grants, the new rules are expected to have a domino effect across almost every type of financial aid, tightening access to billions of dollars in state and institutional grants and, in turn, increasing the reliance on loans to pay for college. Taken together, many education experts say, the consequences for the nation's core financial aid programs are among the most substantial in a decade.
They're right! I'm only currently over $20,000 in debt from college, and that's without needing loans for my first year. I could easily stand to be another $10,000 down!
But this year the administration found support from Congressional leaders seeking to constrain the cost of Pell Grants, an expense that has steadily increased as more low-income students go to college.
We certainly need to stop that!
I'm so glad I finished college. Good luck to all of you going next year.
Who lives in a body bag under the sea?