Bush's Pell Grant plan would shut out thousands
By PATRICK KERKSTRA, Knight Ridder Newspapers
PHILADELPHIA -- As a freshman, Temple University student Arsema Solomon needed to borrow just $5,000 to cover college expenses that were not met by grants, some limited family help and a part-time job.
Three years later, Solomon has added a night shift as a bank teller, and mounting costs have forced her to double her student-loan load to $10,000 a year.
Her financial burden might be even greater next year if the Bush administration goes ahead with a plan to change the Pell Grant funding formula.
If the formula is changed, an estimated 90,000 students receiving Pell grants would become ineligible for the program, and an additional 1.2 million students would see their grants shaved by $200 to $300, according to a financial-aid advisory committee created by Congress...
From SouthCoastToday.com
http://archive.southcoasttoday.com/daily/12-04/12-13-04/a16ed314.htm
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