Bush Cuts Financial Aid For Up to 90,000 Students

The Bush Administration has decided on a new formula for calculating student aid--a formula which will eliminate Pell Grants and cause a loss of student aid for up to 90,000 low-income students.

Bush administration officials said the new formula — used to measure a family's ability to pay college costs — will save the government at least $300 million in the 2005-2006 academic year. ...

The media reports this was an unexpected action. Not exactly. It was buried in the 3,000 page spending bill passed by Congress last month and TalkLeft warned readers about the Pell grant change, after reading this article in the New York Times. Maybe these members of Congress failed to read the bill they passed in its entirety:

Sen. Arlen Specter, R-Pa., said he was "very unhappy" and promised to renew the battle for broader Pell Grant funding next year. Sen. Jon Corzine, D-N.J., said he was "outraged that the Bush administration is going forward with these punitive cuts," adding that the change in the eligibility rules was "nothing more than a backdoor effort to cut student-aid funding." "For those working to get ahead, this is a scene from 'The Grinch who stole my education,' " he said.

Update: Palm Beach Post Editorial

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