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Good Question: Is the President planning to get rid of Pell Grants?

This week President Obama introduced a budget that would reduce the deficit by a trillion dollars over ten years.

The budget comes with big cuts across the board, some that could affect college students.

Good Question: Is the President planning to get rid of Pell Grants?

As Director of Financial Aid at the University of Kentucky, Lynda George has seen a 20% increase in the number of students needing help paying for college.

"About 87 % of students at UK receive some kind of financial aid," said George.

When it comes to President Obama's 2012 budget, two thirds of the belt tightening would come from a wide range of cuts.

Some include taking aim at higher education programs like Pell Grants. not cutting, but trimming.

Unlike loans students do not have to pay back federal Pell Grants.

" At UK this current year we have almost 5,000 students who are receiving the Pell Grant, that represents about 28 to 30 percent of our undergraduate students," said George.

The maximum Pell Grant award is $5,550 in an award year which includes the fall and spring semesters as well as one summer session,

Last year George says the program was revised to allow students to get additional money for the second summer session and she says students took advantage of it.

"We find at UK we had significant increase in students attending summer school because of that additional monies available," said George.

The President wants to see 100 billion cut from higher education. to save money the President thinks granting additional Pell Grant monies should go.

That fact is something George knows will keep some students out of the classroom during the summer.

In the area of graduate student loans, the budget plan would call for interest to start building up while students are in school.


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