How bush plans on paying for his pell grant expansion

[liberal N proud]

This is an update of my earlier post: http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=104&topic_id=2949760&mesg_id=2949760

WASHINGTON, Jan. 13 — President Bush proposed on Friday an increase in the government Pell Grants that help lower-income students afford higher education but said he would shave the cost out of a federal student loan program that also provides college aid.
http://famulus.msnbc.com/famulusgen/ap01-13-233107.asp?t=apnew&vts=11420051321

[ladjf]

1. That's odd. A week ago I was hearing that the administration

was cutting money to Pell grants. What's the real story?

[Earth_First]

This is what I heard too...

that the reworked formula would mean many students would loose their eligibility to recieve the Pell Grant.

Odd, indeed.

[ladjf]

5. My guess is that they are doing some shady accounting

that adds to one area and cuts another by more. I'll research it.

[Earth_First]

2. This is what I heard too...

that the reworked formula would mean many students would loose their eligibility to recieve the Pell Grant.

Odd, indeed.

[sandnsea]

4. It's an administrative cut

They changed the financial requirements or something, which amounted to a cut in the number of kids eligible. This is different. Like I said below, I'm pretty sure this is part of what Kerry proposed.

[Viva_La_Revolution]

7. thread from yesterday... you are correct...

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=104&topic_id=2949152&mesg_id=2949152

[sandnsea]

3. Kerry's plan

"lowering the government's costs to manage student loan programs and by reducing ''excessive subsidies'' given to lenders as an enticement to participate in the guaranteed-loan program, all over 10 years,"

I'm almost positive this is exactly what Kerry proposed during the campaign. But I agree with Miller and Kennedy, I'm not counting any chickens when it comes to a Bush proposal.

[earthboundmisfit]

6. Kennedy's right - it's more smoke & mirrors

Yep. Financial aid for college: You got it - you got it - you DON'T got it (but hey, how about joining the armed forces to fund your education?)! Shrub ain't gonna do anything that would make it LESS likely for poor kids to join the military.

[newyawker99]

8. Hi earthboundmisfit!!

Welcome to DU!! :toast:

[GreenPartyVoter]

9. Hi, and welcome!

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