August 1, 2011

PELL Grant Program Left Intact For Now.

If the US House and Senate approve the debt deal that the Obama Administration and Congressional leaders seem to have worked out over the weekend, the Pell Grant Program will remain intact. Although PELL had been targeted for significant cuts, the deal leaves the current maximum grant at $5,550, and retains the in-school interest subsidy for graduate student loans.

Note that future cuts are still possible, especially if the number of eligible students continues to grow, increasing significantly the cost of the program. But, for now, the bipartisan support to leave the program largely untouched is encouraging. Make sure to follow frequent updates on the debt deal, federal budget negotiations and other relevant federal activity on the UW Office of Federal Relations blog.