A proposed federal budget for the 2012 fiscal year would cut funding for Pell Grants, which provide financial aid for low-income students.
Pell Grants are federal grants sponsored by the U.S. Department of Education that typically are awarded to students of low-income families based on a financial need formula as determined through criteria submitted through the Free Application for Student Aid form.
The proposal, which was introduced last Tuesday by House Republicans, suggests reducing Pell Grants to their 2008 pre-stimulus level. Such a reduction would decrease the maximum grant reward by $845 per student. Although reductions seem unlikely during the remainder of the 2011 fiscal year, the 2012 budget proposal aims to cut an estimated $5.8 trillion in federal spending for the next 10 years. […]
For the 2010-11 academic year, 14 percent of University of Virginia undergraduate students received Pell Grants, George Stovall director of Institutional Assessment and Studies, said in an email.
Read the full story at the Cavalier Daily.
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