How President Would Pay for Increase in Pell Grants.

The article looks at how U.S. President George W. Bush revealed that he would pay for a much-heralded increase in the maximum Pell Grant by cutting lender subsidies and eliminating the Supplemental Educational Opportunity Grant program. Taken together, the maximum grants would cover all tuition and fees and up to $4,000 in living expenses for community-college students, and tuition and fees for sophomores at an average four-year public institution, in 2008. According to the article, the increases would come at a cost to some low-income students and to lenders in the federal government's guaranteed-loan program.