There was a time when Pell Grants covered 75 percent of a college education. We are now down to about 36 percent. The good news is, however, we did get a $2.7 billion increase in the last 3 years, so we have billions of dollars available in student aid from the Federal Government to State governments and institutions of higher education, and children from high-income families continue to enroll in college at almost twice the rate of children from low-income families. For many of the students from low-income families, the cost of college is the overwhelming factor in their decision to forego a college education. In 1997 we supported the enactment of tax credits related to post-secondary education for middle- and upper-income families. At the same time, we voiced strong concern about the need to continue making substantial commitments to the Pell Grant program in order to assist those students from low-income families who would not receive any benefits from the new tax credit.
Editor's note · Context
Discussing the impact of Pell Grants and student aid on low-income families.
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