The House of Representatives’ recently proposed budget includes possible cuts in education, which will affect financial aid. If approved, Federal Pell Grants given to Temple students will drastically decrease.
Mark Kantrowitz, the publisher of FinAid.org, said in an e-mail that Temple students who receive Pell Grants will lose $845 out of their grant if this budget cut is approved.
Kantrowitz also said these cuts may cause some previously eligible students to lose their Pell Grants altogether.
“When need-based grants fail to keep pace with increases in college costs, it makes low- and moderate-income families more sensitive to college costs, causing them to shift their enrollment from nonprofits to public colleges and from four-year colleges to two-year colleges,” Kantrowitz added.
A Pell Grant is a federal grant that, unlike a loan, does not have to be repaid. Pell Grants are awarded usually to undergraduate students on a need-basis.
Kantrowitz said he feels that instead of cutting funding for Pell Grants, the government should be increasing it.
“I think cutting the Pell Grant program is bad public policy. It is the student aid program that is best targeted at needy students,” Kantrowitz said. “Rather than cutting the maximum Pell Grant, we should be doubling it. If we doubled the maximum Pell Grant, an additional 300,000 to 400,000 low-income students would graduate with bachelor’s degrees each year.”