Pell Grants Safe...For Now

The debt ceiling crisis (see last week's post) it seems, for now, has found resolution in Washington. The preservation of Pell Grants in this latest round of debates on Capitol Hill should be of great interest and relief to many students. Although it seems like the immediate danger has passed (we will be able to raise the debt ceiling and not go into default), the long term implications of the aforementioned deal may impact federal funding and/or support of higher education. In order to pass a resolution to raise the debt ceiling members of Congress agreed to make cuts over the next few years. If revenue streams do not increase everything will be on the table for cuts. I encourage you to continue to follow this story and be proactive in making your voice heard. I have included a link from Inside Higher Education that shed some light on how students and educational institutions may be impacted.

http://www.insidehighered.com/news/2011/08/01/higher_education_in_debt_ceiling_deal