Today, we expressed support for the President’s effort to maintain the core federal student aid programs, in particular the plan to ensure that the current Pell Grant maximum award level would remain at $5,550.
“We are pleased that in addition to the Pell Grant Program, the administration continues to support the Supplemental Educational Opportunity Grant (SEOG), the Perkins Loan and the Federal Work-Study programs,” said SAA Co-Chairman and American Council on Education President Molly Corbett Broad. “While we do not agree with all the choices made, such as the elimination of the in-school interest exemption for graduate and professional students, we support the overall objective of ensuring a viable array of student aid choices anchored by the indispensible Pell Grant Program.”
“We greatly applaud the President’s proposal to maintain the Pell Grant maximum at $5,550 and expand the Perkins Loan Program to more students. However, he has proposed to cut certain features from the student aid programs to pay for this grant level,” said SAA Co-Chairman and National Association of Independent Colleges and Universities President David L. Warren. “We are particularly disappointed in the proposal to cut the graduate students in-school interest subsidy and Leveraging Educational Assistance Partnership (LEAP), as these are long-standing elements of the federal student aid system that should be retained.” “We look forward to working with members of both parties to find fiscally responsible ways to maintain the core student aid programs and preserve the maximum grant for the poorest students,” Warren said.