Updating a fafsa
Today, the Pell Grant program assists undergraduates of low-income families, who are actively attending universities and or other secondary institutions.However, before the Pell Grant became what it is today, it went through numerous changes.At the executive level, the Obama Administration is backing a program under development at the Department of Education that would allow for a limited lifting of the ban for some prisoners called the Second Chance Pell Pilot.The Higher Education Amendments of 1972 reauthorized the three campus-based programs, leaving the Economic Opportunity Grant Program with the same name, but renaming the two others: the National Defense Student Loan Program became the National Direct Student Loan or Federal Direct Student Loan Program and the Federal Supplemental Educational Opportunity Grant Program (SEOG).An additional 1.5 million students from middle-income families became eligible for the Basic Grants program.In 1978, the alterations to the HEA were made to honor Claiborne Pell with his hard work and dedication to improving the higher education of the students in the United States.Students may use their grants at any one of approximately 5,400 participating postsecondary institutions.
However, the additional funding does not match the needs of increasing numbers of students who enroll in college and qualify for aid through the recession.
Families were now able to borrow 0 a year for each dependent child in school regardless of income. The maximum award amount for the 2011–2012 award year is ,500.
Despite a shortened application process, fewer funds for the 2011–2012 program could lead to financial problems for many students.
In 1978, the Middle Income Student Assistance Act of 1978 (MISAA) was signed into act by President Jimmy Carter.
This bill provides more generous Basic Educational Opportunity Grant, Pell Grants to low-income students, and makes students from families with incomes up to about 0,000 eligible.