How will recent economic woes impact the availability of Pell Grants?
The New York Times recently reported that 800,000 more students applied for Pell Grants as of July 31, 2008, compared to the previous year. More than six million low-income students received grants this year. Officials indicate that the government may need up to $6 billion in additional taxpayer funds next year to meet this need or else cut the amount of aid it can provide.
