Bush Proposes Surprisingly Low Pell Grant Hike
By Cliff Nelson | April 26The Bush administration has announced that it plans to increase maximum allowable Pell Grants by only $100 per student for fiscal year 2002-03, an amount that has disappointed financial aid officials.Top-end awards will increase from $3,750 to $3,850 -- a rise of less than .027 percent in payments from the government's primary undergraduate aid vehicle, which serves 4 million college students nationwide.Bush will increase Pell Grant funding by $1 billion -- but the funding will have to cover an increased number of applicants.