Federal Budget Threat: Pell Grants and Subsidized Loans

Federal Budget Threat: Pell Grants and Subsidized Loans

The Pell give is just a federal need-based grant that can help the cheapest earnings student afford university. Your house spending plan proposes cutting the Pell give by $4.6 billion for 2018.6 7 They additionally propose cutting capital by 78.5 billion over ten years. 8 This means reducing the optimum Pell give from $5,920 to $4,860 or cutting the grant for just two million pupils or 25 % of all recipients. 9 Cuts to Pell capital would damage Ohio pupils and colleges. When it comes to 2015-16 year that is academic 221,494 pupils received Pell Grants at all Ohio universities for an overall total of $800.8 million. Continue reading