Monday, September 21, 2009

The biggest overhaul of college aid programs was announced

The AP has reported that now, college education has now became affordable as the maximum Pell Grant was increased by $1,400 to $6,900 over the next decade.

California Democratic Rep. George Miller - the bill's sponsor said that
"The choice before us is clear. We can either keep sending these subsidies to banks or we can start sending them directly to students,"

It should be noticed that the money also would be spent on things that don't help pay for college, i.e construction at K-12 schools or new preschool programs.

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