No offense guys, but let's get some facts straight...
1. "total federal allocations for Pell Grants will increase by $458 million to maintain soaring demand"
"Like other boosts to the Pell program in recent years, this one will be devoured entirely by increased demand. And the maximum grant will be frozen at $4,050, despite sharp increases in college costs.
The grant amounts are not growing because more people are seeking them. The number of students receiving Pell Grants has increased 37 percent in the last decade to more than 5 million, according to the College Board."
Which means that the total $ amount goes up but is not keeping up with the increasing # of students who need one. And thats a program that already has a $4 Billion cumulative shortfall.
2. The whole issue surrounds the updating of the tax table. Thats it. They are still using 1988 numbers when families paid more in taxes, so those families get more in Pell Grants. The Education Dept are required by law to update it every year but Congress allowed the dept to still use the old numbers last year. This year, I guess Congress doesn't want to block them from updating the tax table numbers they use.
Now, I still think that compared to how much is spent in Iraq that the 300 Million is chump change, and this is one of our most important investments. On the other hand, people here need to determine who is really going to decide this (their state reps) and contact them - not bash Bush in some forum.
I think the tax #'s should be updated but that the grants amounts also need to be updated to keep up with inflation, rising school costs, etc.
http://www.kansascity.com/mld/kansascity/news/nation/10258424.htm?1c
http://washingtontimes.com/national/20041126-111217-8374r.htm
"President Bush has said he wants to increase the maximum yearly Pell grant to $5,100. "