Pell Grant Program Faces $5.7 Billion Gap

December 14, 2010
Mary Pilon
"There's usually little political wrangling around funding for the Pell grant, but this year, lawmakers underestimated the surge in students going to college -- and their financial need -- helping to create the gap. Congress would need to authorize the additional billions to fully fund the program for all students who qualify for the aid. They've done so in the past, but the gap hasn't ever been this large and comes in the midst of a tense political climate."