http://www.cnn.com/2004/EDUCATION/12/23/pell.grants/index.html(CNN) -- A change in eligibility for Pell Grants to be announced Thursday by the Department of Education would cut some 90,000 students from the rolls of recipients and affect more than 1 million others, an education advocate says.
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In addition to those who will lose their grants completely, "we estimate about 1.3 million students will see reductions in their grants from $100 to $300 per year," he said.
The 5 million recipients each get about $2,500 per year in Pell grants, he said.
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The new formula depends on more recent state and local tax data paid by low- and middle-income families, Hartle said. The formula is supposed to be updated regularly, but the Department of Education had not done so for 15 years, he said.
At that time, state and local taxes were, on average, higher than they are today, he said. As a result, the recalibrated formula makes it appear that families have more income available to pay college expenses than they did.
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Please explain this to me. State taxes have gone down? The article also says 19 of 20 families where students get pell grants earn less than $35,000 a year...where I was in Maryland, statistics said a family of three needed $45,000 to not file bankruptcy...and that was out in a less expensive area.
I think the story is perhaps a bit misleading...my daughter was only able to get $500 in pell grants per year for her first two years...and I was only making $28,000, had two children, single parent, one kid handicapped. She got the grants for 2000-2001 and 2001-2002.
And old W was bragging during the debates that they had increased Pell Grants....I heard that was after they CUT them...
Republican plan to dumb down middle and lower class America marches on.
Article is also full of stuff when it says this won't affect many students,I feel...they will just work more part time jobs, ha! My daughter worked three part time jobs and I gave up my house so I could make monthly payments. (It was worth it for her; she's done very well.