May 6, 2005

GAO Confirms Pell-Grant Predictions

By SILLA BRUSH

The U.S. Education Department's new way of determining students' need for financial aid will disqualify 81,000 students from receiving Pell Grants, the Government Accountability Office said in a report issued in April, a conclusion that confirmed predictions made by many higher-education lobbyists.

Since January the department has used updated tax information in its formula for assessing students' eligibility for federal financial aid. The change makes families appear richer

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