2008 Bush Budget Proposal Increases Pell Grant, Cuts Lender Subsidies And Other Need-Based Aid Programs

Abstract

President Bush released his $2.9 trillion budget proposal for fiscal year 2008 yesterday among much fanfare over the $1,350 Pell Grant increase over the next five years. However, some are concerned about the elimination of some need-based aid programs and additional cuts to lender subsidies used to offset the $19.8 billion needed to increase the Pell Grant - among other selected programs - over the next five years.

Originally posted in NASFAA’s Today’s News on 02/06/2007