11-16-2012, 06:15 AM
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Join Date: Jun 2009 Location: PA
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| How Congress Might Deal With Pell Grant Shortfall
How Congress might deal with the Pell Grant shortfall | Inside Higher Ed Quote: |
Soon the program will face a $5.7 billion shortfall for the 2014 fiscal year, which officially begins in just under 11 months. At the end of the 2013 fiscal year (Sept. 30, 2013), part of its mandatory funding expires. The problem, higher education lobbyists and other observers here say, is that this time, much of the low-hanging fruit for cost-cutting in Pell itself and other programs -- from eligibility changes to cutbacks in subsidized loans -- has already been used to fill budget gaps in the past.
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