AP Source: Obama to Seek Changes in Pell Grants

Sunday, 13 Feb 2011 07:22 AM

 

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WASHINGTON (AP) — An administration official says President Barack Obama is proposing to cut $100 billion from the Pell Grant program through belt-tightening, but use the savings to keep the maximum college financial aid award at $5,550.

Most of the projected savings, more than $90 billion, would be achieved through two changes would require congressional approval.

The administration official spoke on condition of anonymity because Obama's 2012 budget hasn't been released. That happens on Monday, when the White House sends the plan to Capitol Hill.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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