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Obama's Proposed 2012 Budget Sustains Pell Grants, Cuts Perks |
 President Obama's proposed budget for 2012 stands in stark contrast to legislation put forward by House Republicans last week to fund the remainder of the 2011 fiscal year, which ends in September. While the GOP measure would slash the maximum Pell Grant by $845, end funding for several other student aid programs (as well as the AmeriCorps national service program), and slice billions of dollars from agencies that support academic research, the Obama budget for 2012 keeps those and other programs largely intact. That doesn't mean, however, that the Obama budget would be pain-free for colleges and students. Given the enormous growth of the Pell Grant Program in the last two years, for instance, the program now faces a $20 billion deficit by the end of 2012, and the administration had to make "tough choices" to sustain the maximum grant at $5,550. Click here to read more.
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