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The Consumerist: Deal To Keep The Government Running Cuts $303M From Pell Grant Program

By Ashlee Kieler

“Congress’ deal to keep the federal government up and running may be coming at the expense of some of the nation’s poorest prospective college students. The spending package is poised to cut $303 million from the Pell Grant program. The Washington Post reports that instead of using the portion of surplus dollars to fund college for lower-income students, it will now be used to pay companies that collect student loans on behalf of the Department of Education.” Read more here.