January 31, 2003

Panel Recommends More Spending on Aid

By ERIC HOOVER

Federal and state governments, as well as colleges and universities, should increase spending on financial aid, particularly need-based aid for low-income students, a committee of higher-education officials recommended last week.

The panel, which was convened by the College Board as part of its National Dialogue on Student Financial Aid, announced 10 recommendations to make college more affordable, including raising the maximum federal Pell Grant from $4,000 to $9,700 -- the

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