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The Student Aid and Fiscal Responsibility Act of 2009 (SAFRA; H.R. 3221) is a bill introduced in the U.S. House of Representatives of the 111th United States Congress by Congressman George Miller that would expand federal Pell Grants to a maximum of $5,500 in 2010 and tie increases in Pell Grant maximum values to annual increases in the Consumer Price Index plus 1%.
President Obama's new 2012 budget will seek to cut $100 billion in Pell Grant funding -- a plan that spells yet another blow to free federal aid for America's most financially needy college students.
A Pell Grant is a subsidy the U.S. federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with exceptional financial need, who have not earned their first bachelor's degree, or who are enrolled in certain post-baccalaureate programs, through participating institutions.
Later that same day, the House passed the amended bill by a 220–207 vote, sending it to President Obama for a signature. [16] On March 30, 2010 Obama signed the Health Care and Education Reconciliation Act of 2010, [17] 7 days after he had signed the Patient Protection and Affordable Care Act into law. [18] [19]
The Pell Grant is a form of need-based federal financial aid that typically does not have to be repaid, which makes it highly desirable. It is awarded by the U.S. Department of Education to help ...
The White House said Pell Grant recipients would receive twice as much loan forgiveness as other low- and moderate-income borrowers. Do you qualify? Check the Federal Student Aid website.
President Joe Biden said people who received Pell Grants may have up to $20,000 of their federal student loans forgiven.
Originally proposed by President Barack Obama to help students and families pay for post-secondary education, the proposal called for a $4000 credit in exchange for 100 hours of community service. The stated goal of the credit was to, "cover two-thirds the cost of tuition at the average public college or university and make community college ...