Education Grants

The article that has been reviewed for this week is titled “Obama’s budget to target education Pell grants” from www.CNNmoney.com written by . It started out by stating the issue that the article is about. After stating the issue it discusses the issue into depth. It explains how the cutting students off from being able to have two grants would save the government money. The article is structured to so the steps involve to help save the government money without really hurting students. The article uses creditable sources and quotes. These sources and quotes help provide stability in their position on this issue.

            President Obama will be making a new budget proposal on Monday February 14, 2011. The budget will propose cutting one hundred billion dollars from the Pell grant program. The proposal states that students will still be able to receive the full Pell grant amount of $5,500 dollars per school year. Students, as of now, are able to receive a Pell grant for the regular school year and may also receive one for the summer term. If this budget proposal is approved then students will only be eligible to receive the one Pell grant. This change will help the United States save $8 billion dollars next year and $60 billion dollars over the next ten years.

            Another part of the proposal is reducing loan subsidies for graduate and professional school students. The government pays the interest on loans currently for graduate and professional school students. With the proposal the government would let the interest build up and students wouldn’t have to start paying the loans back until after they graduate. This would save the government $2 billion dollars next year and $29 billion dollars over the next ten years.

The reason that I have chosen the article this week is because I find the situation important. It also needs to be discussed and brought to the attention of many Americans. Students need to be made aware that the things that are helping them pay for school are slowly being taken away. Students are not aware of this issue and may be in risk of not being able to pay for college. I find this issue of money being removed from education purposes becoming more popular in today’s news. Just last week the topic was donated money needing to be removed from schools and given to charity. Money should not be being taken from schools to help save America’s debt. We should be cutting budgets from somewhere else.