The Student Aid Alliance, a group of 74 higher education associations, advocacy groups and other organizations, announced a lobbying campaign Monday to fight possible cuts to federal financial aid as the Congressional committee on deficit reduction enters the final month before its Nov. 24 deadline.
Pell Grants are considered a possible target of the Joint Select Committee on Deficit Reduction, known as the "super committee," which is charged with cutting $1.2 trillion from the long-term deficit before Thanksgiving. In a statement of support intended to be signed by college presidents, faculty members, associations and others, the alliance said that, given the tough economy, it is "more important than ever to preserve, protect and provide adequate funding for the core federal student aid programs -- such as Pell Grants and student loan benefits." By the end of the business day Monday, it had 618 signatures and was quickly growing. The campaign is also urging members to contact their Congressional representatives to discuss federal aid programs. The drive came amid reports that the White House will announce new measures Wednesday aimed at helping student loan borrowers -- focused on letting more of them consolidate their loans at a savings.