Topic: Pell Grants

Congress boosts Pell Grant funds; bucks lenders on loan subsidies

By Christine Anne Piesyk | September 7, 2007 |

College students will be getting a financial break, thanks to bi-partisan approval today to an educational finance package that increases Pell Grants to low and middle income students over the next four years and alters the ground rules for student loans.

Both the House and Senate approved the changes, and in the bi-partisan Senate vote the numbers came in 79-12 in favor of the changes, with Democrats citing this win as one campaign promise fulfilled.

“We need a bold new commitment that will enable the current generation of Americans to rise to the global challenges we face. Today we will help millions of students achieve the American dream.”

–Sen. Edward Kennedy, Senate Education Committee Chair

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