PELL Grants Take a Hit in the New Budget

In a compromise budget recently passed by the House of Representatives, the maximum PELL Grant will remain at $5550, but there will be fewer students eligible. The grants will only be allowed through a student's sixth year or 12 semesters, rather than the current nine year or 18 semester limit.

Also in the budget, students receiving subsidized undergrad direct loans starting July 1, 2012 will no longer receive six months grace period when graduating or leaving college.



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