The administration proposes to ax $100 billion from federal higher education funding by restricting access to Pell Grants, government scholarships distributed to low-income students on a need basis. The White House, which has trumpeted the fact that it will maintain the maximum grant award at $5,500, is proposing to change the scholarship rules such that students can receive only one grant a year, as opposed to two.
http://www.wsws.org/articles/2011/may2011/high-m21.shtml
