Obama to seek changes in Pell Grants
WASHINGTON – President Barack Obama's budget plan would cut $100 billion from Pell Grants over a decade through belt-tightening but use the savings to keep the maximum college financial aid award at $5,550, an administration official said. Most of the projected savings, more than $90 billion, would be achieved through two changes, said the official, who spoke on condition of anonymity ahead of Monday's release of Obama's 2012 budget. The spending plan applies to the budget year that begins Oct. 1. Congress would have to approve both changes.
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