Birmingham-Southern College may have to cut up to 20 percent of its budget because it recently discovered several years in which it awarded millions in financial aid beyond the institution's formulas, The Birmingham News reported. The article said that the formula called for the college to provide only the aid needed beyond federal Pell Grants, but that the aid office had been adding Pell Grants to students' need rather than subtracting it. Some high ranking officials have resigned as a result, the newspaper said.
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