April 24, 2009

Even Under Obama's Plan, Pell Grants Trail Tuition

By KELLY FIELD

Making Pell Grants an entitlement and tying the maximum award to a measure of inflation, as President Obama has proposed, would probably yield larger awards and stop the cycle of shortfalls that have plagued the program.

But the president's plan, which would index the maximum award to the Consumer Price Index plus one percentage point, probably would not end the erosion of the grant's purchasing power or make the program more predictable for families, a Chronicle analysis

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