Revamped Aid Bill Boosts Pell -- and Provides $2B for Community Colleges

March 18, 2010

Congressional Democrats and the White House reached agreement Wednesday on the higher education portion of revamped budget reconciliation legislation, the text of which is available here. The measure would provide $36 billion in new spending on Pell Grants (allowing the maximum grant to reach $5,975 by 2017 and linking increases in the grant to the inflation rate, but only from 2013 to 2017), $2.55 billion for historically black and other minority-serving institutions, and $750 million for college access completion grants. And in a turnaround from a few days ago, when it became clear that the legislation would not finance the community-college focused American Graduation Initiative, the measure would provide $2 billion for a competitive grant program for two-year community college and career training programs, aimed at supporting careers of the future. The legislation would also funnel $9 billion to help pay for the health care provisions in the overall budget legislation, and another $10 billion to reduce the deficit. A fuller report on the legislation will appear on Inside Higher Ed Friday.

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